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Rent has risen about the same as wages over the last 40 years. So a bit higher than inflation but not so much that it’s less affordable.
by zeroonetwothree 9mo ago
Rent has risen about the same as wages over the last 40 years. So a bit higher than inflation but not so much that it’s less affordable.
- bandrami 9mo agoHealth care and education are the two that have really outpaced inflation, the trade-off being that basically all durable and consumable goods have run way below inflation.
- direwolf20 9mo agoInflation is the rate at which prices rise. If things are getting more expensive faster than inflation, you're just undercounting inflation.
- MobiusHorizons 9mo agoInflation is the rate that a whole basket of goods gets more expensive. At least that’s how CPI is calculated and it’s what I meant by it. Since that number is averaged across a bunch of goods and services, there will always be some that increase faster or slower than inflation as a whole.
- danaris 9mo agoAre those figures mean wages? Or median wages? Because the difference between those is a vast gulf.
- bandrami 9mo agoMedian. BLS barely tracks mean wages at all because it's extremely hard to do.