Re: Feeling the bite of inflation

From: Courageous (dontwant_at_spam.com)
Date: 09/14/04 

Date: Tue, 14 Sep 2004 14:33:55 GMT

>> You'd be utterly astonished at how low the payment is for my
>> $1M home.

>How low?

About $2400.

>>>Also hamburger is $4.50 pound around here. Steak is $12.98.
>>>Not much left over for the stock market after paying those bills.

>> At the Census, click through to Income, then Historical Tables.
>> Look at the adjusted for inflation level. I know you don't want
>> to believe this, but in the scheme of things buying power moves
>> forward more than it does backwards. We have it way better today
>> than people did 20 years ago.
>>
>
>Is it at www.census.gov? It shows household income, and ...

Yes, it is. The income tables divide out into individual
income, in current dollars. Look more closely. You can find
all sorts of information. The one thing that I haven't been
able to find is the division of incomes based on immigration
status -- which is important, so I regard that as a major
oversight. Be that as it may, you can find things like the
median income of white people who have four year degrees
and work full time. Or asians. Or hispanics. Or whatever.
Tons of stuff there, look around.

Also, take a peek at the historical home ownership data.
Today? Basically better than ever.

C//

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