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Do you feel your buying power is less than that of your parents? Other than real-estate in a popular city, has your buying power really gone down? Also would
by aeternus 7y ago
Do you feel your buying power is less than that of your parents? Other than real-estate in a popular city, has your buying power really gone down?
Also would you rather live in a society where:
A) GDP (or general productivity and availability of goods) increases by 3%. However this society has wealth inequality
B) GDP stays approximately flat or increases by only 0.1% / year but the society has perfect wealth equality.
- flukus 7y ago> Do you feel your buying power is less than that of your parents? Other than real-estate in a popular city, has your buying power really gone down? What we're discovering is that this buying power isn't so important, affordable real-estate gives you stability and permanence that a 65" LCD TV and this years iPhone model just can't make up for. To answer you're question, I'd say B whole be better in future, we're hitting limits on our ability to consume.