this post was submitted on 02 Sep 2023
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chapotraphouse
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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.