Showing posts with label meaningless. Show all posts
Showing posts with label meaningless. Show all posts
Monday, May 2, 2016
Tuesday, April 7, 2015
America's Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless
http://www.zerohedge.com/news/2015-04-06/americas-poor-spend-60-their-income-food-housing-proving-cpi-meaningless
For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in an era with low overall inflation—low-income Americans spend a disproportionate share of their money on food and housing.
New data from the Labor Department show the extent of the discrepancy. The bottom 10% of Americans, by income, devote 42% of their spending to housing and an additional 17% to food–nearly 60% of their total spending, according to the Consumer Expenditures Survey. By contrast, the wealthiest 10% of Americans dedicate only 31% of their spending to housing and 11% to food–closer to 40% of total spending…
Thursday, June 9, 2011
Gas and electricity price shock shows the Government measure of inflation is meaningless
It should not shock readers of this blog about the parallels between official British and US government reporting of the Consumer Price Index, and how out of touch it is in calculating the true cost of living increases.
http://blogs.telegraph.co.uk/finance/ianmcowie/100010515/gas-and-electricity-price-shock-shows-the-government-measure-of-inflation-is-meaningless/
http://blogs.telegraph.co.uk/finance/ianmcowie/100010515/gas-and-electricity-price-shock-shows-the-government-measure-of-inflation-is-meaningless/
Labels:
cost of living,
CPI,
inflation,
meaningless
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