Row 31025

Row ID: 31025 | Dataset Entry | Axioma AXP Content Repository

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Why is it odd? Do you think everyone in America could afford all of the food that they wanted before the pandemic?

Remember that largest income growth has happened at the lower ends of the economic distribution. Between the end of 2019 and the start of 2024, [full-time weekly earnings grew 27.2% at the 10th percentile and 23.9% at the 25th percentile](https://fred.stlouisfed.org/graph/?g=1o6CI). Between 2019 and 2022 (the latest year available), [household incomes increased by an average of 56% for the bottom 10% of households and 25% for the second lowest 10% of households](https://fred.stlouisfed.org/graph/?g=1o6D1).

The largest income increases went to the people and households least likely to already be able to afford all of the food that they wanted. Why wouldn't they use some of their extra money to start buying more food?

FieldValue
text Why is it odd? Do you think everyone in America could afford all of the food that they wanted before the pandemic? Remember that largest income growth has happened at the lower ends of the economic distribution. Between the end of 2019 and the start of 2024, [full-time weekly earnings grew 27.2% at the 10th percentile and 23.9% at the 25th percentile](https://fred.stlouisfed.org/graph/?g=1o6CI). Between 2019 and 2022 (the latest year available), [household incomes increased by an average of 56%…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-21
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Raw Record

{
  "text": "Why is it odd? Do you think everyone in America could afford all of the food that they wanted before the pandemic?\n\nRemember that largest income growth has happened at the lower ends of the economic distribution. Between the end of 2019 and the start of 2024, [full-time weekly earnings grew 27.2% at the 10th percentile and 23.9% at the 25th percentile](https://fred.stlouisfed.org/graph/?g=1o6CI). Between 2019 and 2022 (the latest year available), [household incomes increased by an average of 56% for the bottom 10% of households and 25% for the second lowest 10% of households](https://fred.stlouisfed.org/graph/?g=1o6D1).\n\nThe largest income increases went to the people and households least likely to already be able to afford all of the food that they wanted. Why wouldn't they use some of their extra money to start buying more food?",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1HOURwMVk1eDZsdnFnb292MURVcl9BOGctN2lKNkNuWkg3bmhOMTlCeThaa2l3ZFEyTC11cWZENzcxZm1MYTZNODZUazhiRk9CZXcxQUhodnIzN0lqcUE9PQ==",
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}
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