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And raw numbers won't help the president much if the economy still feels weak to typical households.
Measures the change in living standards and financial prosperity for typical households better than GDP, which has not been a good guide to incomes.
When the holdings of more typical households are tracked instead, today's near-retirees turn out to be a little poorer, in constant dollars, than the previous generation was when it approached retirement in 1983.
Thus, the relatively modest gains in stock and nonstock assets combined with the offsetting rise in household debt meant that the 1990's were far less generous to typical households than business-page headlines often suggest".
Typical households -- those that account for more than half of the nation's personal consumption expenditures -- have two earners and one or two children, according to various experts in these demographics.
In one early study, the first empirical demonstration of the Dunbar number in action, he and the Durham University anthropologist Russell Hill examined the destinations of Christmas cards sent from households all over the U.K. a socially pervasive practice, Dunbar explained to me, carried out by most typical households.
Similar(41)
The typical household has $40,000 in funds.
A typical household spends $15,000 each year on health care.
The typical household is served by a staff of three.
In 2003, the typical household there spent more on liquor than their counterparts in New York.
That means a typical household in New York City will pay about $4.25 more this month.
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