I'm not sure the underlying data really supports that inequality has improved, depending on how you slice the percentiles. They kind of give up the game halfway through in my opinion:
>While still better off overall than before the pandemic, the poorest fifth of households have been slowly bleeding cash since late 2020. The rest of the bottom 50% continued to stockpile savings even as inflation began climbing.
Another way to interpret that is the poorest 20% have gotten poorer and the next lowest 30-50% are economical stressed and responding by hording money in ways that could create a self fulfilling economic downturn.
5 comments
[ 33.1 ms ] story [ 24.2 ms ] thread>While still better off overall than before the pandemic, the poorest fifth of households have been slowly bleeding cash since late 2020. The rest of the bottom 50% continued to stockpile savings even as inflation began climbing.
Another way to interpret that is the poorest 20% have gotten poorer and the next lowest 30-50% are economical stressed and responding by hording money in ways that could create a self fulfilling economic downturn.