Recent quotes:

There have long been a bunch of hypotheses about why the American “middle class” feels “stressed” in spite of constant real incomes and what appears to me increased utility over time as more expenditure shifts toward information goods where consumer surplus is a higher multiple of factor cost: Americans are used to seeing real incomes improve at 2%/year–doubling every generation–and they have not been getting that. Living little better than your predecessors a generation ago is an unpleasant shock. The things that have been becoming cheaper are not seen as things key to your “middle class” status, while the things becoming more expensive and difficult to obtain–a detached house in a good neighborhood with a short commute, health insurance, secure pensions, a good education for your children–are things that it used to be taken for granted a middle-class family could get. The widening gap between the middle class and the upper class. Now come Emmons and Noeth with a new and very interesting hypothesis: that people who have done better than their parents with respect to education and family structure are no richer, and people who have matched their parents with respect to education and family structure are poorer. In other words, people who thought they were upwardly mobile are finding themselves with no higher real incomes. And people who thought they were sociologically stable are finding themselves poorer:

Nighttime Must-Read: Mark Warshawsky and Ross Marchand: Why Use Years-Old Data to Attack Social Security Disability? - Washington Center for Equitable Growth

This looks very bad for Mark Warshawsky and Ross Marchand: using outdated data that misrepresents the current situation is really not something you want to gain a reputation for doing. I’m interested if there is an alternative explanation they would not tell Hiltzik: Michael Hiltzik: Why did the WSJ use years-old data to attack Social Security disability?: “Mark J. Warshawsky… and Ross A. Marchand…. Warshawsky declined to answer my questions about the piece on the record… …but referred me to a lengthier treatment he published in Bloomberg’s Pension & Benefits Daily in 2012. First question: Why did Warshawsky and Marchand use case figures from 2008?… Social Security’s own inspector general’s office… found… that the average approval rate has been coming down for years–reaching 56% in fiscal 2013…