I would have liked to see your last two figures binned by income percentiles rather than raw incomes. I was wondering about the distribution of incomes (2022 was a lot less comfortable for <10k and about the same as other years for 150k) what does this mean in terms of quantities of people struggling? But overall I enjoyed this post, great job!
Will be something I look into for when the Survey of Consumer Finance data is released! But unfortunately the SHED data is only available binned by raw incomes, so this was all I could do.
Joseph, your article blew me away with its cleverly crafted graphs and insightful analysis. It's evident that you've put immense effort into unraveling a complex subject and presenting it in an engaging manner. Thank you for sharing your expertise, and I hope you have a fantastic Memorial Day weekend! Your consistent ability to provide thought-provoking content is truly commendable. As a reader, I'm intrigued to learn more about the underlying causes and the parties responsible for these problems. Delving deeper into this aspect would add another layer of depth to your already brilliant write-up. Keep up the fantastic work!
Hi Godfree! The figures aren't inflation adjusted, the charts about aggregate net worth encompass all Americans (so yes, are heavily weighted to the top), and the charts about household incomes are binned (so they include every household making between the minimum and maximum, i.e. 50-75k)
Very clever graphs and insight into a complicated subject. Thanks Joseph and Happy Memorial Day Weekend
"At the current pace of spending, virtually all excess savings will be drained by the end of *2023*"?
yes (one typo always slips through the cracks, fixed now!)
Great insight and info!!
I would have liked to see your last two figures binned by income percentiles rather than raw incomes. I was wondering about the distribution of incomes (2022 was a lot less comfortable for <10k and about the same as other years for 150k) what does this mean in terms of quantities of people struggling? But overall I enjoyed this post, great job!
Will be something I look into for when the Survey of Consumer Finance data is released! But unfortunately the SHED data is only available binned by raw incomes, so this was all I could do.
Joseph, your article blew me away with its cleverly crafted graphs and insightful analysis. It's evident that you've put immense effort into unraveling a complex subject and presenting it in an engaging manner. Thank you for sharing your expertise, and I hope you have a fantastic Memorial Day weekend! Your consistent ability to provide thought-provoking content is truly commendable. As a reader, I'm intrigued to learn more about the underlying causes and the parties responsible for these problems. Delving deeper into this aspect would add another layer of depth to your already brilliant write-up. Keep up the fantastic work!
This is a banger. Even better than most of your content, which is always solid-to-excellent.
Thank you Sean! That really means a lot
Hi Godfree! The figures aren't inflation adjusted, the charts about aggregate net worth encompass all Americans (so yes, are heavily weighted to the top), and the charts about household incomes are binned (so they include every household making between the minimum and maximum, i.e. 50-75k)