Family Economics and Nutrition Review, June 22nd, 1997
A study concludes the inflationary index for the poor is no different than that for other consumers for whom the consumer price index applies. The study considered spending patterns, items that were defined as necessary, and identified subgroups in order to compare the impact of price changes on low and high income levels.
Each year, price inflation adjustments are made for various Federal, State, and local programs in the United States. In 1994, there were approximately 80 benefit programs that provided cash and noncash aid--primarily to persons with limited incomes. The benefit levels and e...
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