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Arguably it's consumption that is the most important metric. Not everyone earns income, but everyone consumes, from a trust-fund baby to a subsidence farmer.
by Aunche 6y ago
Arguably it's consumption that is the most important metric. Not everyone earns income, but everyone consumes, from a trust-fund baby to a subsidence farmer.
- refurb 6y agoSo I'm a student in medical school that cost $50k per year, so I take out $80k in student loans to pay tuition and living expenses. Is my $80k in consumption really a good measure of my wealth?