The Growing Gap Between Individual and Household Income
In 1984, the average amount of income brought in by an individual was not too far removed from that of a household. That year, real median household income was $59,000 inn 2023 dollars and median individual wages were $51,000—an $8,000 difference according to Bureau of Labor Statistics (BLS) data.
The Volatile Inflation and Deflation in Consumer Spending
Recent inflation post-pandemic has seen price hikes effectively across the board for all manner of goods.
Inflation Didn't Budge as Monetary Supply Grew Following Financial Crisis
A long standing economic theory states that money supply controls inflation. Otherwise known as the equation of exchange, it states that the total amount of money in the economy is equivalent to the total value of goods and services.
Current CPI-PPI Spread Lowest in Decades
The Consumer Price Index (CPI) is an average for the cost of goods to consumers that determines inflation or the relative value of currency. The Producer Price Index (PPI) is an average of prices received by domestic producers.
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