Row 80735

Row ID: 80735 | Dataset Entry | Axioma AXP Content Repository

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CBO recently published a report: [https://www.cbo.gov/publication/60166](https://www.cbo.gov/publication/60166)

>CBO’s analysis focused on households’ 2019 consumption bundles—that is, baskets of goods and services representing consumption in a typical year before the coronavirus pandemic—to compare households’ purchasing power in 2019 with that in 2023. The agency found that, on average, households’ purchasing power based on those consumption bundles increased over the period but that the effects of inflation varied by income group. Specifically, using two measures of income, CBO found the following:

>For households in every quintile (or fifth) of the income distribution, **the share of income required to pay for their 2019 consumption bundle decreased, on average, because income grew faster than prices did over that four-year period; and**

>Households in the top income quintile had the largest decline, on average, in the share of income required to pay for their 2019 consumption bundle over that four-year period.

FieldValue
text CBO recently published a report: [https://www.cbo.gov/publication/60166](https://www.cbo.gov/publication/60166) >CBO’s analysis focused on households’ 2019 consumption bundles—that is, baskets of goods and services representing consumption in a typical year before the coronavirus pandemic—to compare households’ purchasing power in 2019 with that in 2023. The agency found that, on average, households’ purchasing power based on those consumption bundles increased over the period but that the effe…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

{
  "text": "CBO recently published a report: [https://www.cbo.gov/publication/60166](https://www.cbo.gov/publication/60166)\n\n>CBO’s analysis focused on households’ 2019 consumption bundles—that is, baskets of goods and services representing consumption in a typical year before the coronavirus pandemic—to compare households’ purchasing power in 2019 with that in 2023. The agency found that, on average, households’ purchasing power based on those consumption bundles increased over the period but that the effects of inflation varied by income group. Specifically, using two measures of income, CBO found the following:\n\n>For households in every quintile (or fifth) of the income distribution, **the share of income required to pay for their 2019 consumption bundle decreased, on average, because income grew faster than prices did over that four-year period; and**\n\n>Households in the top income quintile had the largest decline, on average, in the share of income required to pay for their 2019 consumption bundle over that four-year period.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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