Actually no, you're deeply confused. Not surprising, because Warren phrased her numbers to be deliberately misleading. Health care costs increased by 74% - thi

Actually no, you're deeply confused. Not surprising, because Warren phrased her numbers to be deliberately misleading. Health care costs increased by 74% - this means that in 2005 were 174% of what they were in 1975. Car costs increased by 52% - this means that in 2005 people spent 152% of what they spent in 1975. Taxes increased by 21% - this means that if the family spent X% of income in 1975 on taxes, they spent X+21% of income in 2005. However, if you want to make an apples to apples comparison, taxes increased by 140% from 1975 to 2005. https://www.wsj.com/articles/SB118705537958296783 https://www.wsj.com/articles/SB118705537958296783 http://volokh.com/2011/07/28/christopher-caldwell-falls-for-the-two-income-trap/ http://volokh.com/2011/07/28/christopher-caldwell-falls-for-...