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This only works if you consider the "official inflation rate". We all know that the real inflation is often much higher so the charts would look very different
by ekianjo 2y ago
This only works if you consider the "official inflation rate". We all know that the real inflation is often much higher so the charts would look very different over time.
- sbelskie 2y agoHow do we “know” this?
- lazide 2y agoPaid for healthcare, housing, or schooling recently?
- rat87 2y agoSo no answer except an appeal to anecdotes?
- lazide 2y ago‘Core’ inflation excludes most of this, explicitly. [https://wolfstreet.com/2021/03/30/the-most-splendid-housing-bubbles-in-america-house-price-inflation-in-all-its-glory-march-update/ https://wolfstreet.com/2021/03/30/the-most-splendid-housing-...], [https://www.pgpf.org/article/why-are-americans-paying-more-for-healthcare/ https://www.pgpf.org/article/why-are-americans-paying-more-f...] Average Housing costs as a multiple of average salary are at 10x, and increasing. Roughly where they were in the 80’s during hyper inflation. Healthcare spend has increasing from 5% of GDP in ‘62 to 17% of GDP in 2022. Education cost data is similarly insane - [https://educationdata.org/average-cost-of-college#:~:text=The%20average%20cost%20of%20attendance,or%20%24234%2C512%20over%204%20years https://educationdata.org/average-cost-of-college#:~:text=Th....] With an average 4 year degree (living on campus) costing > $100k. If you need a study to tell you traffic is terrible right now, you might just have no idea what’s happening.