buying land as an asset is not spending - it's investing.
Healthcare+education - i agree, it has become more expensive overtime.
Taxes - you earn more, hence pay more taxes. It's not due to inflation.
Retirement savings - ditto with land, it's an investment, not spending. And you choose how much to invest here, and the increase is not due to inflation (but expectation of inflation might affect your decision, but that's not a causal relationship to inflation).
>buying land as an asset is not spending - it's investing.
It's an expense for people. They need to spend money to purchase land to live. If the land you're interested in living on goes up 100%, you need come up with the extra money you're going to need to spend in order to purchase it. It has to be factored into your budget. You can model it as an investment for some purposes, but when I need to figure out how much money I need to come up with, it's clearly spending.
>Taxes - you earn more, hence pay more taxes. It's not due to inflation.
Tax rates can (and have) gone up for me.
>Retirement savings - ditto with land, it's an investment, not spending. And you choose how much to invest here, and the increase is not due to inflation (but expectation of inflation might affect your decision, but that's not a causal relationship to inflation).
If you predict you will need to $5M at your retirement date rather than $4M, then you need to spend more of your income on your retirement savings, but the important point is you will have less money for other things. What is raising the retirement age, if not inflation?
Benefits have continuously been reduced since I was a child, and I see no reason for that to not continue. There will be more and more means testing, which means if you have something that can be taken, and you can't politically defend it (I estimate roughly for those in the 80th to 95th percentiles), you should expect to pay more.
Depends where you live and what lifestyle you live. If I took the total amount spent on all the things and services I have purchased over the years and compared them to their price in 2010, I would have spent far less in 2010. Spending on land, healthcare, retirement savings, taxes and education eclipse the total spent for everything else.
Is that not inflation (for me, at least)? All I know is that to buy the things I need or want to buy in the future, I need to ensure I am earning more and more because I am betting the price will be higher in the future. At least it's been true during my adult life of ~15 years.