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Link between credit card debt and Trump voters. (1 Viewer)

Henry Ford said:
That is absolutely true.  Healthcare costs have risen about 1.5x as fast as most inflation.

It's also true that people feel they need more things than they did then.  Lots more.  I would venture to say that your dad raising a family of 6 didn't have a lot of the things you have now.  Computers, cell phones, cable, wifi, etc. all raise the standard of living but also the cost of living.
Don't forget home sizes skyrocketing (even though families are smaller).

 
Don't forget home sizes skyrocketing (even though families are smaller).


If you control for square footage, inflation, and interest rates it is cheaper to buy a home today than it was in the early 80's.

This is off topic though.

 
Last edited by a moderator:
It doesn't say anything very clearly.  It shows a hazy correlation between two things.

It could be that all the non-Trump voters in these states held all the debt, yet the conclusion reached would imply that because Trump won the state, and the state has high levels of debt, that the high levels of debt somehow apply to Trump voters.
This.

This article is a case in bad statistics.

 
Your statement is that wages have been stagnant and prices have gone up.  What's actually happened is that wages and prices have both gone up at about the same rate (actually, prices have gone up slightly less.)  This is better to me than that statement, which is not true.
People on the bottom not so much minimum wage has been flat for a very long time.

 
People on the bottom not so much minimum wage has been flat for a very long time.
We were talking about a period of 40 years. During that time the minimum wage went from $1.60 to $7.25. Nowhere near as high as it should be, especially in dollars adjusted for inflation, but not flat. 

 

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