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I think the bar has risen for what a comfortable life requires now. Housing costs have outpaced inflation for a couple of decades now. Health insurance has ro
by jandrese 6mo ago
I think the bar has risen for what a comfortable life requires now. Housing costs have outpaced inflation for a couple of decades now. Health insurance has rocketed into the stratosphere, especially in states that dropped the Obamacare subsidies. Even staples like food and fuel are hard to keep up with. Lord help you if you have children and are trying to save for college. Projected costs for universities are getting to "buy a brand new luxury car every year" levels. Not to mention all of the school costs on top of that. It adds up so fast.
- bilegeek 6mo agoI appreciate you setting the bar on necessities. Too many people focus on the... "cheap" "luxuries" like air conditioning, smartphones, internet access.
- bawolff 6mo ago> Housing costs have outpaced inflation In fairness though, given inflation is the average, housing costs outpacing means something else underpaced.
- selcuka 6mo agoYou are right about "house prices", but not all housing costs. Home loan interest repayments are not included in official inflation calculations.
- xboxnolifes 6mo agoSure, things like phones are much more feature packed and only slightly more expensive, so they get to be inflation adjusted as being significantly below inflation.
- lazide 6mo agoImported goods.