For people at the bottom, income is hard to measure because it comes from many irregular sources (formal/informal work, money from family, friends, boyfriends, fathers of children, and government transfers), as documented by Edin and Lein; these same people report rent and weekly food spending fairly accurately, so consumption gives a better read of their living standard.

factualpending

Speaker

Bruce Meyer

Evidence Quote

these same people do a pretty good job of reporting what their rent is what they're spending in a given week on food so that looking at consumption can give you a better idea

Source

Bruce Meyer on the Middle Class, Poverty, and Inequality 10/03/2011EconTalk
Created: 6/15/2026, 9:20:26 AM

My Notes

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