13 sats \ 4 replies \ @grayruby 15 Mar \ on: America's middle class is collapsing (because they get richer not poorer) charts_and_numbers
Sure they are getting richer in dollar terms. Are they getting richer faster than the dollar is devaluing though?
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20 sats \ 3 replies \ @zuspotirko OP 15 Mar
It's already inflation adjusted. Constant 2020 Dollars.
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48 sats \ 2 replies \ @grayruby 15 Mar
Give it to me vs money supply and then lets talk.
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15 sats \ 1 reply \ @zuspotirko OP 15 Mar
That probably looks way worse and more "stepped" instead of smooth.
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0 sats \ 0 replies \ @grayruby 15 Mar
People may have higher incomes, they also have significantly higher cost of living. So ultimately are they richer or poorer? I would say some are much richer but most are poorer.
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