{"id":63804,"date":"2020-11-21T02:15:03","date_gmt":"2020-11-21T10:15:03","guid":{"rendered":"https:\/\/lenpenzo.com\/blog\/?p=63804"},"modified":"2025-05-14T09:33:33","modified_gmt":"2025-05-14T16:33:33","slug":"black-coffee-21-nov-2020","status":"publish","type":"post","link":"https:\/\/lenpenzo.com\/blog\/id63804-black-coffee-21-nov-2020.html","title":{"rendered":"Black Coffee: Those In the Know, Know"},"content":{"rendered":"

\"\"It’s time to sit back, relax and enjoy a little joe<\/em> …<\/p>\n

Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what’s been going on in the world of money and personal finance.<\/p>\n

Okay, let’s get right to it …<\/p>\n

Without knowledge action is useless — and knowledge without action is futile.<\/em><\/p><\/blockquote>\n

— Abu Bakr<\/strong><\/p>\n

There are some people who, if they don’t already know, you can’t tell ’em.<\/em><\/p><\/blockquote>\n

— Yogi Berra<\/strong><\/p>\n

Credits and Debits<\/strong><\/p>\n

Credit:<\/strong><\/span> Did you see this? In 2016, real<\/strong><\/em> median US household income — remember, that means it’s adjusted for inflation — was $62,898. Believe it or not, that was just $257 higher than what it was almost two decades earlier<\/strong><\/em>, back in 1999. No, really. The good news is, during the next three years it climbed 9.2% to $68,703. Not too shabby!<\/p>\n

\n

Real median household income by year:<\/p>\n

1999: $62,600
\n2016: $62,898
\n2019: $68,700<\/p>\n

American workers finally got a raise (and a nice one) after a decade and a half of flat wages.<\/p>\n

Amazing what tax cuts can do. pic.twitter.com\/qcgTijbpwP<\/a><\/p>\n

Jon Miltimore (@miltimore79) November 12, 2020<\/a><\/p><\/blockquote>\n