Monday, September 18, 2017

NDD on real median income: YABUT


New Deal Demoncrat - 2016's new high in real median household income.

Yeah, that's fine and all.

But:



This chart, combined with the fact that marginal propensity to consume goes down as income increases, means that household consumption still has a way to go.

Household savings, though, is hunky dory cos the rich are richer.

Thus, NDD, I'm more of a New Deal Keynesian Leftist than thou.

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