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Screen shot of tweet by Hunter (@StatsticUrban) showing graph of hours of work needed to purchase a weeks worth of groceries showing that the value today is lower than it was for most of Trump's administration.

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    Grassroots Joe (joeinwynnewood@mstdn.social)'s status on Wednesday, 02-Oct-2024 12:26:48 JST Grassroots Joe Grassroots Joe

    This is important. The relative cost of groceries are LOWER today than they were for most of TFG's term in office.

    Wages have risen FASTER than the cost of groceries.

    Here's a report on this from the Congressional Budget Office.

    "For households in every quintile (or fifth) of the income distribution, the share of income required to pay for their 2019 consumption bundle decreased, on average, because income grew faster than prices did over that four-year period"

    https://www.cbo.gov/publication/60267

    In conversation about 8 months ago from mstdn.social permalink
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