I’m still trying to understand this graph, here’s how I look at it right now.
Please do correct me if I’m wrong.
the different lines refer to quartiles or 25% of the population? where the 1st line from the bottom is the poorest (0-24.999%), then 25% - 49.999%, 50% - 74.999%, and the top is the wealthiest at 75% - 100%.
Left is Median Money at Jan. 2020, then Jan. 2021 (Biden inaguration?), finally Jan.2023 at the end.
And the trend is, all classes of people had an increase if comparing Jan. 2020 vs Jan. 2023.
But it’s actually decreasing if looking at Jan. 2021 vs Jan. 2023?
Pretty much this graph is showing the effect of the COVID economic relief efforts, and how those effects have dropped off since those efforts ended. By the time we get to 2024 I wouldn’t be surprised if we’re below where we were before 2020 on this and other metrics since AFAIK that was the trend before COVID happened.
I’m still trying to understand this graph, here’s how I look at it right now.
Please do correct me if I’m wrong.
the different lines refer to quartiles or 25% of the population? where the 1st line from the bottom is the poorest (0-24.999%), then 25% - 49.999%, 50% - 74.999%, and the top is the wealthiest at 75% - 100%.
Left is Median Money at Jan. 2020, then Jan. 2021 (Biden inaguration?), finally Jan.2023 at the end.
And the trend is, all classes of people had an increase if comparing Jan. 2020 vs Jan. 2023.
But it’s actually decreasing if looking at Jan. 2021 vs Jan. 2023?
Yes. People judge their circumstances in terms of relativity compared to their most recent circumstances.
Pretty much this graph is showing the effect of the COVID economic relief efforts, and how those effects have dropped off since those efforts ended. By the time we get to 2024 I wouldn’t be surprised if we’re below where we were before 2020 on this and other metrics since AFAIK that was the trend before COVID happened.