Sunday, February 28, 2010
Misleading?

This chart shows data from the 2008 BLS Consumer Expenditure Survey
http://www.bls.gov/cex/#data
The data is calculated by dividing household income by the number in the household.
Part of this data was included in a comment on EconomistMom, but only the red highlighted part. The poster said, "We again see that per capita income, expenditures, and “food&fun” are highest for the oldest group ..."
This has got to be one of the grossest examples of misleading use of data that I have ever seen.