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"U.S. income inequality grew through pandemic years" https://www.reuters.com/world/us/us-income-inequality-rose-3-years-through-2022-fed-data-shows-2023-10-18/

• astrange 3y ago
  Story is wrong about this, I think they misread it. See Dube: https://x.com/arindube/status/1724147807563477440 https://x.com/arindube/status/1724147807563477440 https://www.nber.org/papers/w31010 https://www.nber.org/papers/w31010 It also might be a difference in wages vs. income, because income counts welfare programs and those were unusually generous (but temporary) in 2020; we should bring that back but it's not due to the economy getting worse. But you can see it says debt ratios are low. > Median household leverage - measuring a family's total debt against its total assets - sank to the lowest in 20 years at 29.2%. Meanwhile, the median payment-to-income ratio dropped to a record-low 13.4%, and the fraction of families with payment-to-income ratios greater than 40% fell 0.9 percentage point to 6.5%, also a record low.