4 ms·
That's not true! The poverty rate went from something like 40% to 55%. Now it's back again to 40%. Not good, but not horrific either.
by otherme123 2y ago
That's not true! The poverty rate went from something like 40% to 55%. Now it's back again to 40%. Not good, but not horrific either.
- Daishiman 2y agoAnd every economist worth their salt tells you that the number is based on an outdated basket of goods that underweights what has increased in price the most: household services and health care. Health insurance prices have tripled and household services more than doubled. Basic foodstuffs are now more expensive than they are in developed countries; a pack of pasta is cheaper Costco than a local supermarket.