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That isn't really meaningful on its own, is it? I'm sure the parent comment actually meant in the context of how it income has increased in relation to cost of

• onlyrealcuzzo 6y ago
  The Fed's REAL income measures this. It doesn't capture that debt markets - things like housing, cars, and tuition - have gone up. This is because the debt service payments haven't gone up, because they've lowered the interest rate and made it cheaper for people to pay for those things with debt (like most people do). So, sure, if you live in a world where debt doesn't exist, and all you care about is purchasing homes in cash - then the Fed's measure doesn't work for you. For everyone else, it does.
  • 52-6F-62 5y ago
    It seems like you have a vested interest in what you're preaching here, so I don't know what plane you're really dealing on. I'm sure you know you're talking to people who understand that debt exists. But I don't think there's any world where you can be so dismissive in a serious discussion about this subject— especially when you assume everyone qualifies for the debt required to gain an advantage—and that those most likely to be unqualified are those on the losing end of the whole equation. Personally, I don't know enough about it all, so I try to understand others' perspectives and background before moving to personal insults—or at least to be a little more direct and less passive aggressive if I have something I think is important to say.