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re: I'm sick of people saying the middle class is worse off than 4 decades ago.
Posted on 3/14/17 at 10:18 am to HailHailtoMichigan!
Posted on 3/14/17 at 10:18 am to HailHailtoMichigan!
quote:
It's simply an asinine assertion. Sure, some big things such as education and health care are more expensive, but 99% of the goods we consume on a daily basis are by an order of magnitude cheaper.
If you are speaking about durable goods like your list provides, that is true. But overall, the cost of things like shelter and vehicle have gone up and in the case of shelter even with low interest rates on the home owner end it makes it harder because overall even despite the 2008-2009 housing meltdown home prices have been on an ever increasing trend and salaries when adjusted for inflation stay flat
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