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https://fred.stlouisfed.org/series/A229RX0 https://fred.stlouisfed.org/series/A229RX0 Even here there is a definitive and deliberate bump right during the begi
by SketchySeaBeast 6y ago
https://fred.stlouisfed.org/series/A229RX0 https://fred.stlouisfed.org/series/A229RX0
Even here there is a definitive and deliberate bump right during the beginning of the COVID times. I don't believe that's an artifact. Somehow this analysis is saying people are vastly better in August than they were in February.
I think that "average" in most of the different versions is useless. The millionaire and billionaire classes can be so over-represented they can draw the rest up. It doesn't answer if all of society is actually becoming more well off or just the cream continuing to rise.
- pmiller2 6y agoThe "COVID bump" is driven primarily by stimulus checks and enhanced unemployment benefits: https://www.marketwatch.com/story/personal-income-surges-105-in-april-on-the-back-of-government-relief-payments-but-spending-lags-2020-05-29 https://www.marketwatch.com/story/personal-income-surges-105...
- SketchySeaBeast 6y agoIn this case it would seem that that money is less "disposable" and more "extremely import to ration". I must not understand the definition of disposable.
- pmiller2 6y agoI'm guessing the definition is something like "income over and above basic expenses (food, shelter, etc.) over a given period of time."