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Mike Konczal: Having a third child distinguishes the 1% from the merely affluent

Mike Konczal: Having a third child distinguishes the 1% from the merely affluent
Third child marks 1 percent distinction

Mike Konczal described his long-standing interest in the economics and financing of having a third child, suggesting that having a third child is a distinguishing factor between the 1% and the merely affluent. He noted that he used the latest Survey of Consumer Finances microdata to address this topic.

Konczal recently discussed the limited proportion of consumer basket items that saw more than 3% inflation growth over the past year, fueling renewed debate on price pressures in the economy (full story here). He also argued that the New Keynesian macroeconomic framework was better suited than past approaches for handling inflation disturbances from 2021 to 2023 (read more). His recent work continues a pattern of analyzing household economics and monetary trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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