2 ms·
According to Wiktionary, the standard of living is "the level of income, comforts and services available to an individual, community or society." Levels of inc
by discodonkey 2y ago
According to Wiktionary, the standard of living is "the level of income, comforts and services available to an individual, community or society."
Levels of income have risen. Comforts and services available are not as simple to measure as income, but consumption (a decent proxy) is also trending upwards.
https://data.worldbank.org/indicator/NE.CON.TOTL.CD?locations=US https://data.worldbank.org/indicator/NE.CON.TOTL.CD?location...
- mempko 2y agoMost of that is driven by the top 10%. The top 10% now make up 50% of all consumption in the US. Again demonstrating that inequality matters.