News for hackers. Stuff that matters.
Re:The $3500 Shirt – A History Lesson in Economics by zaroth on Saturday January 24, 2015 @08:53PM (#8941791)
Mostly they are just invested in inflation, the same way anyone with high debt of any kind is. From 1970-date inflation alone is responsible for a $120k house becoming a $700k house.
Re:The $3500 Shirt – A History Lesson in Economics by gburt on Saturday January 24, 2015 @11:00PM (#8941996)
The fall in adjusted incomes is the real issue that everyone is overlooking.
Re:The $3500 Shirt – A History Lesson in Economics by zaroth on Sunday January 25, 2015 @12:48AM (#8942170)
An overall positive slope but the last decade has not been kind to the bottom 60%: http://www.advisorperspectives.com/dshort/charts/census/hous...