- Jun 23, 2019
- Reaction score
The posts I was responding to were rambling posts about consumer debt crushing folks.CityGator, PROG and champion of projection.
Sure we get it, you're a PROG and things are so simple you can calculate almost all the way from A to B. Yeah sure, debt is down even though it's up and you can't buy shit anyway, WTF? Any chance debt would be down which it isn't because people are pessimistic and watching their shit? Ah fuck no, why would that be, you're PROG, tell it how you like it. Everyday is opposite day in PROG, love me some Xiden.
Median Household incomes:
2019: 69,560 (debt up)
2020: 67,521 (debt up)
2021: Political Calculations' initial estimate of median household income in July 2021 is $69,746, an increase of $568 (or 0.8%) from the initial estimate of $69,178 for June 2021. Adjusted for inflation, median household income remains well below the April 2020 peak of $70,796 in terms of constant July 2021 U.S. dollars. (debt up)
View the inflation-adjusted value of the 50th percentile of the U.S. income distribution, as estimated by the Census Bureau.fred.stlouisfed.org
You are talking inflations and point to April 2020 where we saw deflation as everything plummeted from demand crash in energy sector. Great. Let’s go back to that period. Are you sane?