News for hackers. Stuff that matters.
Re:More money than anyone imagined: an explanation for why t... by Falkon1313 on Saturday July 27, 2019 @10:41AM (#20542224)
In PCE (Personal Consumption Expenditures), it's weighted half as much. Is the median person really paying only 12.9% (or 15.3%) of their income for rent? Seems like it's usually closer to 30-40%, and sometimes higher for the working class. (12.9%-15.3% of median household income is only ~$7740-9180 which would be only $645-765/mo.)

That one at least weights medical care at 22.3% ($13380) vs the 6.2% ($3700) in CPI, although that might be realistic if the median person simply doesn't get medical care because they can't afford it.

There are no comments on this comment yet.