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The Boskin Commission concluded in 1996 that the consumer price index overstates words the actual rise in the cost of living by a percentage point a year. The overall CPI has risen 40% faster than the cost of groceries since 1965. When the overwhelming majority of poor households own washing machines, dryers and microwave ovens — I'm not really feeling any anger at the administration for this "troubling poverty trend". Bitterness towards environmentalists who words blocked ANWR drilling mebbe. Among households below the poverty words line, outlays for food, clothing, and shelter are less than 37% of consumption, compared with 52% a couple decades ago, 57% in 1950, and 75% in 1920. Poor households have more discretionary income than ever because (despite inflation) stuff is cheaper. The heritage foundation (I'll ignore all arguments which revolving around "they are right wing which means somehow the data they present is wrong") shows that the "poor" actually are quite avid consumers.
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