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He states all numbers are inflation adjusted to the same year.


I'm still confused here (Math is not my strong point either).

He mentions he adjusts the income figures for inflation to compare 1975 income to 2001. He then mentions he adjusts house prices to inflation to compare 1975 prices to 2008.

But what I don't understand is where he gets the 2008 median income figure from (Even adjusted to inflation) as he said he has no income data past 2001. He needs an actual figure before he can adjust right?




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