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While correct, CPI-U is still an average. The spending mix of a young adult runs differently, and recent Fed work shows inflation isn’t uniform by group, with y
by HaZeust 1y ago
While correct, CPI-U is still an average. The spending mix of a young adult runs differently, and recent Fed work shows inflation isn’t uniform by group, with younger age groups often higher post-2021. So CPI-adjusted can still overstate how far a young renter’s paycheck goes.
- wilg 1y agoOf course it's an average, again, that's the point. Thats how you make generalizations about what's going on.
- HaZeust 1y agoSaying: >"Thats how you make generalizations about what's going on." Right after saying: >"You're trying to bend the data to your pre-existing beliefs. Is a little funny, but fair play.
- wilg 1y agoI don't see how. You are engaging in a discussion about what is generally happening, meaning aggregating data is required. If you want to have a conversation about specific people, then yes, you can find some young renter that is having problems. But that does not make it generally true.