3 ms·
Well high wealth inequality doesn’t translate directly to “worse off” but it does indicate that there’s some truth to the social sentiment. Beyond that, it’d
by vineyardmike 3y ago
Well high wealth inequality doesn’t translate directly to “worse off” but it does indicate that there’s some truth to the social sentiment.
Beyond that, it’d depend on definitions…
- data shows housing, healthcare, college costs outgrowing wages and inflation
- data shows tons of other stuff costing less over time when accounting for inflation.
Basically, data shows that (American) consumers have access to more and more cheap consumable goods, but the 3 things that are the (probably for most people) biggest purchases in life are the most expensive they've ever been.