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It's not just monetary inflation that has decimated the buying power of everyone who has graduated in the last 10 years. Housing and rents are sky high as ever
by bern4444 4y ago
It's not just monetary inflation that has decimated the buying power of everyone who has graduated in the last 10 years.
Housing and rents are sky high as ever
Student debt is a massive additional burden
Healthcare costs have ballooned
Education also has shot up far and above more than the general monetary inflation rate.
There are lots of other forms of pressure beyond general inflation caused by the excessive printing of money including what I listed above.
Recent grads up to early thirty year olds today have a significantly smaller share of wealth compared to the same age group in previous generations.
At least now with rising interest rates there are other alternatives for investments beyond the stock market. Treasury bills are all paying 4+%. Even high yield savings accounts like Marcus are paying 3+%. Risk free.
I'm glad to see the FED pumping them higher. Please don't stop any time soon!