| ▲ | WarmWash 4 hours ago | ||||||||||||||||
You might call me crazy, but at least in 2024, consumers spent ~1% less of their income on expenses than 2019[2], which suggests that 2024 is more affordable than 2019. This is from the BLS consumer survey report released in dec[1] [1]https://www.bls.gov/news.release/cesan.nr0.htm [2]https://www.bls.gov/opub/reports/consumer-expenditures/2019/ Prices are never going back to 2019 numbers though | |||||||||||||||||
| ▲ | gowld 3 hours ago | parent [-] | ||||||||||||||||
That's an improper analysis. First off, it's dollar-averaging every category, so it's not "% of income", which varies based on unit income. Second, I could commit to spending my entire life with constant spending (optionally inflation adjusted, optionally as a % of income), by adusting quality of goods and service I purchase. So the total spending % is not a measure of affordability. | |||||||||||||||||
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