2 ms·
We should make different inflation baskets, representative of the bottom quartile, the median person, and the upper quartile. The bottom quartile has a large %
by energy123 8mo ago
We should make different inflation baskets, representative of the bottom quartile, the median person, and the upper quartile.
The bottom quartile has a large % of the CPI basket composed of housing rent, for example.
The upper quartile has 0% of the CPI basket composed of rents.
This should be doable quite easily, it's not like the spending habits of different socioeconomic groups are a secret.
- manarth 8mo agoI guess the typical inflation basket doesn't include rental income, which the upper-quartile are rather more likely to have than the lower quartile. Wonder how that might impact figures if residual/passive income were included?
- nickff 8mo agoConsumer Price Inflation (CPI) is about spending on consumer goods, and not about wage or investment income.
- energy123 8mo agoA separate index could be independently useful: The amount you gain/lose just from existing, so spending + capital gains + ... It's not a fully baked idea, but something like this.
- manarth 8mo agoConsumer Price Index (inflation/deflation being the change in CPI), but I get your point, thanks