4 ms·

How do we “know” this?

• lazide 2y ago
  Paid for healthcare, housing, or schooling recently?
  • rat87 2y ago
    So 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.