17 ms·
This is technically correct ("the best kind of correct!"), but the upward march of that inflation-adjusted trend graph is pretty clear. I'm not a doomer, just t
by karaterobot 3y ago
This is technically correct ("the best kind of correct!"), but the upward march of that inflation-adjusted trend graph is pretty clear. I'm not a doomer, just trying to be even-handed.
- anovikov 3y agoIt simply means that people are living a better life and can afford to cook less and eat out more. Positive indicator without any "if"-s and "but"-s.
- cheriot 3y agoThat's a reflection of a growing economy. Real incomes are higher so people have more to spend. Edit: add data Real personal income https://fred.stlouisfed.org/series/RPI https://fred.stlouisfed.org/series/RPI Real GDP https://fred.stlouisfed.org/series/GDPC1/ https://fred.stlouisfed.org/series/GDPC1/
- cheriot 3y agoI think I'm getting the unit right on this graph. Food at home as a percentage of disposable income: https://fred.stlouisfed.org/graph/?g=1aWLA https://fred.stlouisfed.org/graph/?g=1aWLA