WeltzeitgeistNov 24

'Part 1: My Life Is a Lie
How a Broken Benchmark Quietly Broke America'
https://www.yesigiveafig.com/p/part-1-my-life-is-a-lie

Very good short essay about living as a household of four in 2025. This explains a lot about the material conditions the people actually struggle with. Give it a read!

Part 1: My Life Is a Lie

How a Broken Benchmark Quietly Broke America

Yes, I give a fig... thoughts on markets from Michael Green
Show threadErik AblesonDec 1

@wackJackle Interesting side note. My mom used to work for Statistics Canada so I asked how the poverty line was calculated in Canada and she found me this link: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110006601

Considerably more nuanced from the US version, but still relatively low numbers with the exploding cost of housing.

Market Basket Measure (MBM) thresholds for the reference family by Market Basket Measure region, component and base year

Market Basket Measure (MBM) thresholds for the reference family by MBM region and base year. Total thresholds as well as thresholds for the food, clothing, transportation, shelter and other expenses components are presented, in current and constant dollars, annual.

Show threadErik Ableson
@wackJackle Although as I’m reviewing the methodology, the high Canadian urban rents are offset by the existence of public transportation and universal health care as compared to the US estimate in the original article of this thread.
Dec 1 at 11:35amWeb