Tag: disposable income
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Is Income Inequality Really the Problem? It Depends on What You Call Income
Are the rich getting richer and the poor getting poorer? Stories about inequality typically talk about how the rich, especially the top 1%, are seeing their incomes grow rapidly while people at the bottom are seeing their incomes stagnate and drop. A gap is widening between the top and the bottom. Is that true? The…
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Record High Gas Prices? We’re Still Not Even Close
Carpe Diem (Mark Perry): Record High Gas Prices? We're Still Not Even Close …For gas to reach a record high as a percent of per-capita disposable income, it would have to sell today for $5.47 per gallon to reach 14.90% of per-capita disposable income, like it did in March of 1981, when gas sold for…