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I wonder how family income has tracked increases in the cost of housing, health care, and/or higher education?
by musicale 3y ago
I wonder how family income has tracked increases in the cost of housing, health care, and/or higher education?
- TeMPOraL 3y agoThat's a big part of where the market ate the sudden surplus when two-income household became a widespread thing. That's what markets do: if people, on average, have X$ more disposable income, the prices of everything will adjust until X = 0. The "on average" in the sentence above is key - those whose surplus of money was less than X end up worse off.