We Crunched the Data: There’s a Grocery Price Emergency in America
Related to discussion from EK and here about whether the economy is doing well and how we tell: the authors claim to measure the economy by tracking a budget for a family of four with a household income of $130k.
They say, "According to our calculations, the math has stopped adding up for this family over the past 18 months. They had a small cushion in 2024. Now they are in the red after covering just the basics, such as housing, an Affordable Care Act marketplace health care plan and day care. The family has over $1,000 less than it did a year and a half ago. Rising costs have more than wiped out any gains from higher wages and recent tax cuts."
I wonder if this is a better way to measure the economy as felt by regular people. I know that grocery, gas, healthcare, and rent are top of mind for basically everyone I know.
Link to the website for the Kitchen Table Project: https://www.thekitchentableproject.org/