or more fun with statistics.
I do not know if you - like me - treat statistics - or more exactly their various uses - as entertainment?
No? Well, I think you miss a lot of fun.
I recently found a new example of amusing uses of statistics. This time in a New York Times' article with a provocative? explanatory? challenging? (pick your own interpretation) title" You are what you spend".
Two economist from the Federal Reserve Bank of Dallas claim that they found a better measurement of financial wellbeing of Americans.
According to them we should not focus our attention on incomes and the raising ( to the level of being outrageous! - that's my opinion, not theirs) income gap between have and have nots.
We need to focus on actual spending plus the size of household .... and the picture immediately becomes a lot brighter. Or does it? Really? Without lying with statistics?