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> Now do assets as well That's not a cost you need to live. You need to pay for food, housing, healthcare, energy. You don't need stocks in amazon. > [chuckle
by iso1631 6y ago
> Now do assets as well
That's not a cost you need to live. You need to pay for food, housing, healthcare, energy. You don't need stocks in amazon.
> [chuckle] Now do assets as well. Do healthcare and school fees and energy for good measure.
Total healthcare spending in the US[0] in 2004 was $6094 per capita. In 2019 it was $11072 -- 4.1% per year increase. By comparison in 1989 it was $2440 per capita, so for 1989-2004 it was 6.3% per year.
Electricity increased 2.75% per year from 2004 to 2019 [1]
Average retail electricity price for industrial consumers in 2005 was 5.73c/kWh, in 2019 it was 6.83c/kWh, 1.3% per year [2]
A gallon of gas in 2004 was $1.85 in 2004, it's $2.60 in 2019, an increase of 2.3% per year [3]
I see little to show that inflation is any different to the official inflation figures. I do see evidence that the wealthiest part of the US is becoming even more wealthy
Cost per pupil increased 2.6% per year [4]
What's your point? Despite M0 goign from 600b to 3500b from 2004-2019 (average 12.5% per year), there was no effect on the cost of things people pay for, which broadly stayed in the 0-5% per year range, as it did before 2004.
[0] https://data.oecd.org/healthres/health-spending.htm https://data.oecd.org/healthres/health-spending.htm
[1] https://www.statista.com/statistics/190680/us-industrial-consumer-price-estimates-for-retail-electricity-since-1970/ https://www.statista.com/statistics/190680/us-industrial-con...
[2] https://www.statista.com/statistics/190680/us-industrial-consumer-price-estimates-for-retail-electricity-since-1970/ https://www.statista.com/statistics/190680/us-industrial-con...
[3] https://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/ https://www.statista.com/statistics/204740/retail-price-of-g...
[4] https://nces.ed.gov/programs/digest/d19/tables/dt19_236.55.asp https://nces.ed.gov/programs/digest/d19/tables/dt19_236.55.a...
- noch 6y ago> That's not a cost you need to live [...] there was no effect on the cost of things people pay for, which broadly stayed in the 0-5% per year range, as it did before 2004. I'm sure you're absolutely correct about everything. Thank you for your time.