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Inflation indices almost always account for housing, education, and healthcare. https://www.bls.gov/cpi/questions-and-answers.htm#Question_10 https://www.bls.g
by thunderbird120 7y ago
Inflation indices almost always account for housing, education, and healthcare.
https://www.bls.gov/cpi/questions-and-answers.htm#Question_10 https://www.bls.gov/cpi/questions-and-answers.htm#Question_1...
- Gibbon1 7y agoWe're conditioned to only think of rates as opposed to the integral of those rates over time. AKA economists constantly hammer that since difference between wage inflation and rent inflation is 'small' there is no problem. And if you say otherwise you're a moron. Consider the result of that 40 years though.
- AzzieElbab 7y agoYou are right I will have to look at the guidelines book at some point. My feeling they cannot possibly be right because observed wage stagnation combined with observed costs should never converge to low inflation. Do they even consider mortgages maturity length and interests when looking at monthly payments?