logoalt Hacker News

heathrow83829yesterday at 7:44 PM1 replyview on HN

shelter isn't just a cherry picked item. It's by an far the largest spending category, that and healthcare. I couldn't care less about all the other categories, personally.


Replies

gruezyesterday at 8:36 PM

>shelter isn't just a cherry picked item. It's by an far the largest spending category, that and healthcare.

The BLS agrees. That's why "shelter" is weighted 35.6% in the CPI basket, by far the biggest item.

> I couldn't care less about all the other categories, personally.

If we're going by what people "care" about (whatever that means), the basket would probably be like 70% gas prices, 20% grocery prices, and 10% for everything else. Empirically speaking, those two are far more salient politically than housing.

show 1 reply