Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by citizen_friend on Sunday April 21, 2024 @10:05PM
(#40110901)
> What is it then, that is so super expensive today, that wasn't too expensive in the 60s?
- Education. Include how much education you need and prep (duration increases costs and reduces wages).
- Insurance,
- Health care
- Transportation (gas, cost of vehicles, average commutes).
- Professional services (accounting, law, etc).
- Housing
The point is in 1960 you could be a normal member of society with no health insurance, a high school diploma, one car for your family, and 1000 square foot house downtown.
- Education. Include how much education you need and prep (duration increases costs and reduces wages).
- Insurance,
- Health care
- Transportation (gas, cost of vehicles, average commutes).
- Professional services (accounting, law, etc).
- Housing
The point is in 1960 you could be a normal member of society with no health insurance, a high school diploma, one car for your family, and 1000 square foot house downtown.
That game plan is no longer viable.