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50 sats \ 6 replies \ @Undisciplined OP 22h \ parent \ on: Inflation: Slowly the Middle-Class Dies econ
Most of that falloff is projected. Did it actually happen?
I didn't get any solid numbers, but the graph is saying otherwise. It's actually gone up. The real question is what counts as 'middle class'.
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I think the even bigger question is how does that look when inflation is accounted for.
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That makes sense to me, although I suspect inflation is undercounted.
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The way inflation is calculated is always kind of controversial, I don't think there's one perfect model. In this case, they must have used the data from the Federal Reserve.
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Right. The two main approaches are to deflate by price trends from either consumers or producers, but neither of those are appropriate for store of value assets which is where most inflation has been going.
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