3 ms·
The consumption distribution is a lot more flat than income or wealth (~5x difference in consumption for bottom quintile vs top quintile compared to ~20x in inc
by grandmczeb 6y ago
The consumption distribution is a lot more flat than income or wealth (~5x difference in consumption for bottom quintile vs top quintile compared to ~20x in income). You can see consumption broken down by income here[1]. One thing I’d point out is that the bottom quintile in the US has a higher consumption than the Australian average, although the Wikipedia numbers don’t quite measure the same thing so it’s not perfectly comparable. Also note this uses 2018 dollars rather than 2011 dollars.
[1] https://www.bls.gov/cex/2018/combined/decile.pdf https://www.bls.gov/cex/2018/combined/decile.pdf