People can afford more things now than the previous generation
There are things that increased in price faster, like college. But that’s offset by other things that didn’t increase as fast, like fuel. There are other things that got cheaper, like computers and phones. You’re cherry picking the things that got more expensive, but those are not 100% of a person’s expenses
You’re missing the whole point. Think about it another way: You listed things that go down in value or get used up. They listed things that appreciate in value and build wealth.
You’re comparing (barely) being able to afford the cheap iPhones and gas to an education and homeownership.
Those things still cost money and you still need them.
If food prices didn’t go up as fast as housing, and you say “housing builds wealth and food gets used up” which is true, but you need to eat to live. Food not going up so fast is a good thing.
Housing building wealth is a bad thing. Houses should go down in value, we should be building so many that old houses should be worth less than me ones, like they do in Japan
It’s fun that tvs and computers got cheaper, but housing and food are through the roof.
It’s cool that I can buy a laptop for 500$ dollars, but it’s a one time purchase that we can live without.
Food is not through the roof
https://tradingeconomics.com/united-states/food-inflation
2.2% vs. the previous year
Yeah and look 2 years back on your same graph and see the big 11% in one month.
And let’s not forget that this is multiplicative. So these months/years with high inflation are still felt today even if the inflation is relatively normal.
But you are disingenuous in your arguments, while accusing others of doing that same thing.
So kindly fuck off
