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Over the period since the 1960s, look at education, medicine, housing, not food. For food prices, look at the most recent 5-year timescale, where price increas

Over the period since the 1960s, look at education, medicine, housing, not food. For food prices, look at the most recent 5-year timescale, where price increases are reported to be on the order of 30% for American consumers. [1] [1] https://www.nerdwallet.com/article/finance/price-of-food https://www.nerdwallet.com/article/finance/price-of-food

IMTDb 2y ago
Yes, that's how proportion works; if thighs like food take a smaller portion of spending, some other things will take a bigger share. GP comment is cited food as the first item; and decades (not 5 year) as the reference timeframe, so I focused on that. I am sure that by cherry picking both items and timeframe (look at food but only over 5 year; education but only since the 60's; telecommunication but only since the price hike of last week) you can paint a different story, but that's not the point here.
- romaaeterna 2y ago
  The average inflation-adjusted annual tuition for a 4-year degree has gone from $2843 to $10,892 between 1969 and 2023 in 2023-dollars. [1] Healthcare spending per capita has gone from $2,151 to $14,570 in the same period in 2023-dollars. [2] The inflation-adjusted home price index has more than doubled over that period. [3] Real wages have remained fairly stagnant over these same decades. [4] [1] https://educationdata.org/average-cost-of-college-by-year https://educationdata.org/average-cost-of-college-by-year [2] https://www.healthsystemtracker.org/chart-collection/u-s-spending-healthcare-changed-time/ https://www.healthsystemtracker.org/chart-collection/u-s-spe... [3] https://cdn-0.inflationdata.com/articles/wp-content/uploads/2023/12/Inflation-Adjusted-Home-Prices.png https://cdn-0.inflationdata.com/articles/wp-content/uploads/... [4] https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/
  - IMTDb 2y ago
    At least for eduction this increase can be explained by the simple supply and demand; Americans on average have never been as educated as today. The demand for college degrees and above has skyrocketed; according to the same source as you use [1]. Stuff costs less, so more people put their children through college, so education price goes up; it's the symptom of a good thing. [1] https://educationdata.org/college-enrollment-statistics https://educationdata.org/college-enrollment-statistics

IMTDb 2y ago

Yes, that's how proportion works; if thighs like food take a smaller portion of spending, some other things will take a bigger share. GP comment is cited food as the first item; and decades (not 5 year) as the reference timeframe, so I focused on that. I am sure that by cherry picking both items and timeframe (look at food but only over 5 year; education but only since the 60's; telecommunication but only since the price hike of last week) you can paint a different story, but that's not the point here.

romaaeterna 2y ago
The average inflation-adjusted annual tuition for a 4-year degree has gone from $2843 to $10,892 between 1969 and 2023 in 2023-dollars. [1] Healthcare spending per capita has gone from $2,151 to $14,570 in the same period in 2023-dollars. [2] The inflation-adjusted home price index has more than doubled over that period. [3] Real wages have remained fairly stagnant over these same decades. [4] [1] https://educationdata.org/average-cost-of-college-by-year https://educationdata.org/average-cost-of-college-by-year [2] https://www.healthsystemtracker.org/chart-collection/u-s-spending-healthcare-changed-time/ https://www.healthsystemtracker.org/chart-collection/u-s-spe... [3] https://cdn-0.inflationdata.com/articles/wp-content/uploads/2023/12/Inflation-Adjusted-Home-Prices.png https://cdn-0.inflationdata.com/articles/wp-content/uploads/... [4] https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/
- IMTDb 2y ago
  At least for eduction this increase can be explained by the simple supply and demand; Americans on average have never been as educated as today. The demand for college degrees and above has skyrocketed; according to the same source as you use [1]. Stuff costs less, so more people put their children through college, so education price goes up; it's the symptom of a good thing. [1] https://educationdata.org/college-enrollment-statistics https://educationdata.org/college-enrollment-statistics