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Family Income Continues to Grow in 2025 Data
Yesterday the Census Bureau released their annual treasure trove of data from the Current Population Survey, Annual Social and Economic Supplement. Loads of new data are now available for 2025 on...
View ArticleWomen Have Always Worked, Often in the Formal Labor Force
In a February 2025 blog post, I created a chart showing male and female work patterns both inside and outside the home, going back to 1900. The data was for the United States, and the general trends...
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Median Family Income for Married Couples With Children Is Probably Higher...
In 2024, median income for married couples with children at home was $143,400 in the US. That’s an almost 80 percent real (inflation-adjusted) increase since 1974, the first year Census reports...
View ArticleNicholas Polson Has Written Over 200 Academic Papers in 2026 (so far)
UPDATE: I stupidly didn’t realize my co-blogger Mike wrote about this too. My bad! I skimmed last week’s posts, but it didn’t click in my head. Be sure to read his thoughts. ALSO: lots of the papers...
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Welcome Back to School: Potential College Students are Now Declining
If you have spent any time around higher education lately, you have probably heard of the “demographic cliff” or “enrollment cliff” for years now. Well, it’s finally here. In terms of total number of...
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Everything At the Grocery Store is On Sale Relative to 1980
Back in May 2024, I wrote about grocery prices in 2024 compared to 1980. Relative to average wage increases, almost everything was more affordable — the one exception was bacon. Grocery prices have...
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Seven-Year Grocery Inflation is Running High
A recent poll tells us that 66 percent of Americans think groceries are unaffordable. Is this a reasonable position? Let’s add some context. Figure 1 is one way to look at the problem. It shows the...
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GDP Growth in the Second Quarter: Updated Forecasts
GDP growth data for the second quarter of 2026 comes out tomorrow. As I have been doing for the past several quarters, here is an update on two model forecasts (Atlanta and NY Feds), betting market...
View ArticleHow to Escape the Productivity Slump
I have a new essay up at Human Progress today. Here’s a slice of it: The productivity slowdown is not an immutable law of nature. It is, at least in part, the consequence of policy choices. Human...
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Yes, Americans Probably Are About 46 (or Maybe 65) Times Richer Than in 1776
My post and chart from last week showed the phenomenal growth of average income in the US since the Founding. Using GDP per capita historical estimates and adjusting for inflation, this figure is...
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Happy Birthday, USA
For America’s 250th birthday, my present to all of you is this chart showing our economic history. Average income in the US has increased dramatically since the country was founded. This chart...
View ArticleWould You Pay $4,000 for Filet Mignon and a Flight to London?
The Atlantic has a great article about the history of the Boeing 747 aircraft, which is slowly being retired by airlines. Lots of fun details in the article about the plane itself and about that era....
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Berries Are Probably Not Making Parents Go Broke
The Washington Post recently ran a fun, data-filled article on berry consumption and parenting. Lots of good tidbits in the article, including that Americans eat a lot more berries than in the recent...
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Consumer Prices in the US Took About 27 Years to Double
Two years ago I wrote about post about how long it took consumer prices to double in the US. The most recent time period looked pretty good compared to most of the 20th century. But lately I’ve seen a...
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The “Reality Index” of Price Inflation Isn’t Grounded in Reality
Over the years, many people have tried to create alternatives to the CPI for measuring inflation. Probably the most famous is “Shadow Stats,” which Tim Lee has convincingly shown isn’t actually...
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The US is Building a Lot More Data Centers Than Five Years Ago, But We Are...
Data centers seem to be popping up everywhere. And based on the value of current construction, the US is indeed building a lot more data centers than we were in 2020 or 2021, about four times as much...
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Fuel Costs Are Way Up, But It’s Still Pretty Affordable to Fill Up Your Tank...
Two months ago I wrote about gasoline prices and tried to give the current prices some historical context. Gas prices have, of course, only continued to increase since then. Here’s a chart I created...
View ArticleThe Day the Cloud Evaporated: Life After the Data Center Collapse (A Guest...
This is a “guest” blog post that I asked Google Gemini Pro to write. Data centers are increasingly becoming a political issue in communities across America. People are asking questions like: “Why do...
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Gerrymandering Doesn’t Give an Obvious Edge to Either Party in the US House
Congressional districts must be redrawn after each US Census. In fact, that is one of the main functions the Census: to determine how many seats of the US House of Representatives that each state is...
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