Factually incorrect data. They set the inflation rate high to get the "Fact" they wants. More Junk data manipulation to create a preconceived "Result" by the Economic Ignorant Caucus.
The stats in this article don't sound right to me. Median lawyer income is in the mid-70s annually? Half are making less than that? They must be well hidden.
"They set the inflation rate high to get the "Fact" they wants.
What the inflation rate really is, depends on what you buy. If you consume mostly slabs of aluminum and bushels of wheat, you're in luck. On the other hand, those in the market for medical care or homeowners insurance may not be so fortunate.
Here you go Johnny. Don't let facts get in your way now. Ya hear.
Startling facts from the recent Federal Reserve Board's Survey of
Consumer Finances indicate that the typical American family has about $3,800 in the bank,
no retirement account, no mutual funds and no stocks or bonds.
http://www.federalreserve.gov/pubs/bulletin/2006/financesurvey.pdf