'Greedflation' study finds many companies were lying to you about inflation

Re:'Greedflation' study finds many companies were lying to y... by bcrosby95 on Friday December 08, 2023 @09:08PM (#38577677)

Net worth went up but pre-tax family income is pretty flat. This tells a story that I'm familiar with: those that can afford to invest made a lot of money, but everyday workers are no better off. You don't pay for food by selling property. So these graphs aren't convincing to me of the story you're trying to tell.

Food is an interesting one. In my experience the value of fast food is at an all time low. Before it would be half the price of a sit down place. Nowadays it's more like 80% of the price. I'm not sure what exactly happened there. I went to subway and my bill was $15. I went to a sitdown place and my bill was $19.

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Re:'Greedflation' study finds many companies were lying to y... by jcparkyn on Saturday December 09, 2023 @12:58AM (#38579066)

> those that can afford to invest made a lot of money, but everyday workers are no better off

According to those graphs, even the bottom quartile saw a substantial increase in net worth during the pandemic [1]. Sure, this is much less in absolute terms than the higher quartiles, but as a percentage increase it's actually far higher (almost 1000% between 2019 and 2022).

This doesn't detract from your point that poorer people don't benefit much from capital gains, but I think it's still worth pointing out.

[1] https://www.federalreserve.gov/econres/scf/dataviz/scf/chart...

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