Meat Puppet Posted July 1, 2010 Share Posted July 1, 2010 I thought that the data was presented in constant 2007 dollars so the increase in income for each quintile is measured in real and not nominal terms. The prices of discretionary items such as computing power have been declining for years. It is the rise in the cost of essentials - shelter, food, and in the US healthcare (and education if you consider that an essential) that has really hammered anyone not in the top quintile. Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted July 1, 2010 Share Posted July 1, 2010 The build up of debt in the US has also supported purchasing power of the less well off. That's pretty much what ninja loans are all about. Quote Link to comment Share on other sites More sharing options...
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