Housing is about 40% of consumption across income levels, and the size of housing units has gone up dramatically while problems like roof leaks and plumbing defects have nearly disappeared, undercutting the claim that gains are merely cheap electronic 'toys' while big-ticket items got more expensive.

factualpending

Speaker

Bruce Meyer

Evidence Quote

housing is about 40% of consumption for the poor for the middle class for people at high incomes and the size of housing units that people live in has gone up dramatically

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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