Tuesday, July 27, 2010

Victims of Bikini Statistics

Statistics are like a bikini. What they present is suggestive, but what they conceal is vital--Aaron Levenstein
Business Insider, Barry Ritholtz's Big Picture, and even the esteemed David Beckworth are the latest to fall prey.

The following graph looks like it captures economic stagnation.

In fact, it hides the fact that household sizes are shrinking dramatically.

Photo source here.

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