Tag Archive: Households

Flat Income Amid Rising “Survival” Costs

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Original Article: https://www.washingtonpost.com/news/wonk/wp/2017/05/08/researchers-have-answered-a-big-question-about-the-decline-of-the-middle-class/?utm_term=.eb882d6012b7 One of the main conclusions from this article is┬áthat households are earning no more today than we did in the 80s/90s. The numbers in this article are reported in "real"┬áterms so they have been adjusted for "inflation". However, this inflation doesn't necessarily reflect the real costs in different segments of the population and distributional effects tend to get buried. But like any good necromancer, we can raise the data from the dead if we cast just the right spell. First lets start with data from the housing survey on rent inflation: https://www.newyorkfed.org/research/staff_reports/sr425.html Here we see that although…

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