Ring Jr., Raymond J.
March 1985
Social Science Quarterly (University of Texas Press);Mar1985, Vol. 66 Issue 1, p203
Academic Journal
To determine whether inflation affects families more at lower than at higher income levels, inflation and income changes between 1972-73 and 1982 were estimated for 12 income classes. Inflation was independent of income, and lower incomes grew faster than prices. Thus, living standards increased for the "average" poor family. However, these averages mask adverse effects on a significant portion of the low-income population. Inflation in a "necessities Index" was also estimated.


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