I also can't stand, when it comes to inflation, that the media talks about a low-inflation quarter as though it is "relief for consumers."
What about it is relieving? Prices haven't gone down, prices aren't going down, we're supposed to feel relieved that prices are still going up, just slower?
I honestly dare the bankers on the Federal Reserve, and frankly, all of Congress, to live on a 20th percentile income. They'd be all over inflation in seconds once reality set in.
Edit: I might mean 80th, I'm struggling to remember which end is lower (20th or 80th).
The number of voters benefiting from student loan debt pauses is relatively small and they are also mostly not swing voters. I agree we should resume student loan debt payments, for a variety of reasons.
In the fall of 1972, President Nixon announced that "the rate of increase of inflation was decreasing". Probably the first time a sitting president used the 3rd derivative to increase the chances of reelection.
20th percentile means 20% of people earn the same or lower. 80th percentile would mean 80% earn the same or lower. So you were correct in the first place.
What about it is relieving? Prices haven't gone down, prices aren't going down, we're supposed to feel relieved that prices are still going up, just slower?
I honestly dare the bankers on the Federal Reserve, and frankly, all of Congress, to live on a 20th percentile income. They'd be all over inflation in seconds once reality set in.
Edit: I might mean 80th, I'm struggling to remember which end is lower (20th or 80th).