Tag: Consumer Expenditure Survey
For the first time, the Census Bureau’s annual poverty report included information regarding both the Official Poverty Rate and the Supplemental Poverty Measure, which was first introduced in 2011. As a reminder, the official measure compares a family’s pretax money to a threshold based on the number of people. The thresholds, which were established in the 1960s,…
Our new research associate, Diana Horvath, and I wanted to see whether the current high rates of inflation were hurting the poor more than the rich or vice versa. Indeed, researchers at the Bureau of Labor Statistics did such an exercise for the period 2003-2018. They found that because of differences in spending patterns the average annual increas…