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I think a flaw here is adjusting for overall inflation and not measuring something like "disposable income" from one generation to the next. Healthcare, housing

I think a flaw here is adjusting for overall inflation and not measuring something like "disposable income" from one generation to the next. Healthcare, housing, and education have all increased faster than inflation and are non-optional expenses[1]. [1] https://slatestarcodex.com/2017/02/09/considerations-on-cost-disease/ https://slatestarcodex.com/2017/02/09/considerations-on-cost...

kaczordon 6y ago
In terms of percentage of income spent, the amount spent on food and clothing has gone way down, housing has stayed the same more or less. Education and healthcare both have very very heavy government involvement in the US so there’s your common factor.