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    Grassroots Joe (joeinwynnewood@mstdn.social)'s status on Wednesday, 02-Oct-2024 12:26:48 JSTGrassroots JoeGrassroots 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 conversationabout 8 months ago from mstdn.socialpermalink

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    1. https://media.mstdn.social/media_attachments/files/113/211/453/375/787/205/original/08c83624ca640c27.png
    2. Domain not in remote thumbnail source whitelist: www.cbo.gov
      An Update About How Inflation Has Affected Households at Different Income Levels Since 2019
      from @USCBO
      NotesNotes All years referred to are calendar years. Numbers in the text and figures may not add up to totals because of rounding.
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