Monday, December 13, 2004

Income volatility: data

The LA Times continues its coverage of increasing US income volatility. As I argued in an earlier post, we should think in terms of risk-adjusted growth in incomes, just as one considers the risk-adjusted return on a portfolio. Prosperity, but at what cost?

1 comment:

Steve said...

Prosperity at the expense of security...Without a modicum of security, isn't the U.S. market becoming a high-risk investment climate?

Conversely, could the fact that more people are now living hand-to-mouth stimulate the economy in the short term? After all, they wouldn't be investing or saving, and the money circulates.

This blog is great. Very thought-provoking, albeit somewhat above my head.


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