|
|
|
|
|
by cheriot
1630 days ago
|
|
The data you link to shows 3 out of 5 quintiles of incomes have been flat. Meanwhile, the cost of healthcare and child care have increased faster than inflation[1]. It's nice that TVs are cheaper for better quality, but if the essentials are more expensive the people with lower (and middle!) incomes have tighter budgets than ever. [1] https://fred.stlouisfed.org/graph/?g=Kxcc |
|
All quintiles show growth, with the 4th quintile (20-40th percentile) showing the lowest growth at +31.1% and the 5th quintile (lowest 20%) showing a similar +34.2% across that period of multiple decades.
That's indeed "essentially flat, but still slight growth".