2 ms·
Interestingly, 90th vs. 10th percentile consumption is about 3x [0]. Income is >10x as you mention, but this mostly reflects the growth of investment accounts,
by closeparen 7y ago
Interestingly, 90th vs. 10th percentile consumption is about 3x [0]. Income is >10x as you mention, but this mostly reflects the growth of investment accounts, not a difference in how people actually live.
[0] https://voxeu.org/article/consumption-and-income-inequality-us-1960s https://voxeu.org/article/consumption-and-income-inequality-...