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CPI is a great indicator of cost of living and is defined rigorously by law. We can argue if it is missing things, and I would agree. But that doesn’t mean we s
by yunohn 4y ago
CPI is a great indicator of cost of living and is defined rigorously by law. We can argue if it is missing things, and I would agree. But that doesn’t mean we should ignore its value.
People being worried about their daily expenses skyrocketing is important? Your privileged lack of worry doesn’t solve the world’s problems.
- bawolff 4y ago> CPI is a great indicator of cost of living and is defined rigorously by law Sure, but this survey doesn't use that. > People being worried about their daily expenses skyrocketing is important? Your privileged lack of worry doesn’t solve the world’s problems. Neither does fear mongering reporting. Its not wrong to be worried, but reliable information is critical to take appropriate action.
- yunohn 4y agoI think consumer credit card debt (1) is a good indicator of normal people’s inability to pay for their expenses upfront, i.e. their “income is behind the cost of living”. (1) https://www.newyorkfed.org/microeconomics/hhdc https://www.newyorkfed.org/microeconomics/hhdc