#costofthriving — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #costofthriving, aggregated by home.social.
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« In 1985, the COTI stood at 30 — the median male worker needed thirty weeks of income to afford a house, a car, health care, and education. By 2018, the COTI had increased to 53—a full-time job was insufficient to afford these items, let alone the others that a family needs. A generation ago, the worker could be confident in his ability to provide his family not only with the basics of food, clothing, and shelter, but also with the middle-class essentials of a house, a car, health care, and education. Now he cannot. »
https://americanaffairsjournal.org/2020/02/the-cost-of-thriving/
#Inflation #CostOfLiving #CostOfThriving #Reagonomics #TrickleDownFallacy
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“As a starting point and proof of concept, I propose the following Cost-of-Thriving Index (COTI): the number of weeks of the median male wage required to pay for rent on a three-bedroom house at the 40th percentile of a local market’s prices, a family health insurance premium, a semester of public college, and the operation of a vehicle.”
#CostOfThriving #OrenCass
https://americanaffairsjournal.org/2020/02/the-cost-of-thriving/