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I don't know that the graph tells this story. It could be that the very slight decline in spending for the lower quintiles is from getting help that isn't coun
by souprock 8y ago
I don't know that the graph tells this story.
It could be that the very slight decline in spending for the lower quintiles is from getting help that isn't counted (free preschool for example) or from products being more affordable (measuring money is not equivalent to measuring the value gotten) or from more people being able to avoid childcare expenses by being home.
It could be that the major increase in spending for the top quintile is wasted. Maybe the kid wants to own a horse. All sorts electronic things eat up money while delivering little value.
- InclinedPlane 8y agoYeah, you're probably right, I'm sure it's just horse ownership and free preschool rather than income stagnation, exploding debt in the under 35 age bracket (much of it due to student loan burden), and massively increasing housing costs.
- thisisweirdok 8y agoFree preschool isn't incredibly widespread, but I wouldn't be surprised if increasing daycare costs are causing more people to drop out of the workforce to care for their kids. It's certainly complex.