INFLATION DISGUISED DEPRESSION

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Ground beef represent many industries in America

2017 – median income $59,055
2007 – median income $50,223

The 2017 income buys 15,917 lbs of ground beef

The 2007 income bought 22,932 lbs of ground beef

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~9k more buys you 7,000 lbs less

twitter.com/OccupyWisdom/status/992860024144912384

Avg home sale in the US 2007 ~$240k
Avg home sale in the US 2017 ~$325k

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Resulting in ~30% decline in the amount of beef purchasable and ~35% increase in home cost. This is offset by ~17.5% increase in wages. 🙂

 

 

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