How inflation eats up your household’s income
Source ↗
👁 0
💬 0
Why is almost everybody so grumpy about the cost of living?
A recently updated dataset confirms these inflation anxieties, as rising costs gobble up more of whatever income growth you managed to earn.
My trusty spreadsheet reviewed something economists call “real median household income” for the 50 states and the District of Columbia. Simply put, that’s how the Census Bureau each year estimates consumer buying power: what a household makes – including paychecks, investments and
A recently updated dataset confirms these inflation anxieties, as rising costs gobble up more of whatever income growth you managed to earn.
My trusty spreadsheet reviewed something economists call “real median household income” for the 50 states and the District of Columbia. Simply put, that’s how the Census Bureau each year estimates consumer buying power: what a household makes – including paychecks, investments and
Comments (0)