by Elyse Menger | Aug 8, 2024 | Finance
Last week we talked about the complexity of the concept of income. We continue here by focusing on the Census Bureau definition, and how that definition introduces spatial biases that could substantially impact your location decisions. So how does the Census define...
by Elyse Menger | Aug 1, 2024 | Finance
Ask 100 users of demographics to name the 5 must-have variables they use in their analyses and income will almost always be listed. Ask those same users to define the term, and you will hear a stunning range of answers. In fairness, if you ask 100 economists to define...
by Gary Menger | Sep 14, 2023 | Finance
In recent years, we have been consistently told that income inequality is on the rise and that the war on poverty declared in the 1960’s has been a failure. The Economist magazine stated bluntly that “it is a truth universally acknowledged that inequality in the rich...
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