Keegs
@littlekeegs
#1 universal free school lunch fan (they/them)
First one is percent of people who have retirement accounts, second one is the median amount in said retirement accounts
Crime is an even better example of things improving and people just being wrong about it! www.pewresearch.org/short-reads/...
It's true that quality adjustments are hard and far from perfect (I'm skeptical of them in general tbh). But again this points in the wrong direction. Expansion of quality adjustments would decrease measured inflation, making the vibecession worse. www.bls.gov/osmr/researc...
As for the second one, my point about substitution still applies. And idk where they get this from: "for products to be included in the CPI, they need to be bought consistently and in significant quantities (usually for several years)" Really, this happens twice a year. www.bls.gov/opub/hom/cex...
The first one is such a bad criticism. You could tell that the prices of some things increased by 30% by... Looking at CPI subcategories. And ofc they provide no source for their numbers. The point about substitution is a funny one. They are directly wrong, the CPI does factor in some substitution.
I mean their margins seem fine. They might be offsetting it all right now with rapid investment, but that's also reasonable, given how rapid their user based are growing. open.substack.com/pub/understa...
Here ya go: www.federalreserve.gov/pubs/oss/oss... www.brookings.edu/wp-content/u... I was surprised that nonresponse goes in the opposite direction, but it actually being best correlated with financial income makes sense.
Just pointing out something pretty straightforward from the data! www.federalreserve.gov/publications...
Millions of people are still nowhere close to median. And it's still ~13% for the median. www.bls.gov/opub/mlr/202...
And AGAIN you choose to make yourself look silly, come on now (table A is longer, you should actually look at it)
The question is whether intimate partner violence actually happened, given that the only source is a committed Republican operative. Also:
Loved his article on soft budget constraints several years back! academic.oup.com/icc/article-... Also made this connection that I still return to a lot:
Obviously yes. Left-wing people make jokes about these things, it is not new or surprising
The net pay number is big here because I got a retroactive pay increase for my big raise, but it was still in Q3 of 2025 regardless
Yep, I was making significantly below median wage for most of the time actually, These dates cover the relevant period of pay changes, since I got the apartment at the end of 2022. For the median measure, I used the quarter in which my pay increase happened.
We're really lucky in the US to actually get to vote for a left-wing party to defeat Republicans. Imagine if we even had to vote for Mitt Romney's new party instead, lol
But if it's because your doctor is making more money, it's an increase in e.g. the physicians' services index. But the price change is captured regardless. www.bls.gov/cpi/factshee...
Housing is funky wrt homeowners because they're trying to capture what someone would pay in rent for the house. The idea is that e.g. if home prices decrease because interest rates increase, that has to do with housing as an asset, rather than as a consumption good. www.bls.gov/cpi/factshee...
My point is that he is looking at household expenditure. It's fine to break things down further (we have CPI by quintiles here: www.bls.gov/cpi/research...). But notably, the vibecession is experienced *more* by richer households. open.substack.com/pub/besttrou...
I have defeated @besttrousers.bsky.social. I am the new Knower of Medians. Bow before my ability to look at the middle of a set of numbers.
On ~median wage, I lived by myself in an apartment larger than I needed in a really nice area and wasted money on stupid things regularly, and I was still fine financially. Used to compared to my parents' generation, but that's a bad comparison, it was too long ago to be relevant here