If you made $30k/yr. in 1995 and you make $90k/yr. now, are you richer?

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simplicitus · Accepted Answer

Where? Inflation varies from country to country.

It also depends on how you measure. One way is to compare against typical wages: 
http://www.measuringworth.com/uscompare/

Another is to ask what percentage of households earn less at each time:
http://en.wikipedia.org/wiki/File:United_States_Income_Distribution_1947-2007.svg
http://economistsview.typepad.com/economistsview/2011/02/changes-in-the-distribution-of-workers-hourly-wages-between-1979-and-2009.html

Then there is the question of whether you feel richer. Can you be richer if you feel poorer?
http://blogs.reuters.com/felix-salmon/2010/09/20/the-whining-rich/
http://economix.blogs.nytimes.com/2011/01/11/why-so-many-rich-people-dont-feel-very-rich/
http://krugman.blogs.nytimes.com/2011/01/12/why-does-inequality-make-the-rich-feel-poorer/

Anonymous · Answer

$30K in 1995 is $42K in 2010. If you earn $90K now you are richer = 90-42=$48K more.WOW.

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If you made $30k/yr. in 1995 and you make $90k/yr. now, are you richer?

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