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Better data would show even more adults exceeding their parents’ income. Neither my estimates nor Chetty’s count employer benefits, such as health insurance or retirement contributions, as income, nor do they count federal non-cash benefits, such as housing assistance or food stamps. These employer and federal benefits have increased over time relative to cash income. The income estimates do not look at disposable income after taxes either. Tax rates have declined over time, and refundable tax credits to low-income families have increased.