poplaaccount.blogg.se

Mac, you see that wages are simply not keeping up. So even with something as simple as a Big These are big ticket items but what about with something asĬost of a Big Mac in 2000 was $2.50. The California State University system is massive with 23Ĭampuses across the state enrolling nearly 500,000 students. The latest data on the report is $17,237. Typical tuition at a public college was $7,586 in 2000-01. Nearly twice the rate relative to income. So the cost of buying a new house went up at The median sale price of a new US home in Q1 of 2000 was $165,300. Let us start at looking at some key expenses. Your money can buy and this is where inflation eats away at purchasing power. But as you know, you have to look at what So over 20 years household income went up by 49%. We should start off by looking at US median household income That things are moving along nicely and controlled versus the wild days of theĭifferent when you start to look at the items individually.

From the early 1990s to today you would think The above chart shows inflation over time. Keep people spending – but this has hit a wall and utilizing debt is now a You buy a car today if you knew it would be cheaper tomorrow? Overall the system is designed this way to The system is designed to keep prices rising The only time we have faced broad drops in prices wereĭuring the Great Depression and the Great Recession. The cost of living in the US is getting more expensive and the way our banking system is setup, we are primed for continued inflation. Our major purchases are financed with debt and low interest rates so the true cost of many things in our lives are understated by the “monthly payment” mentality that many people live under. Yet there is a major catch since we are addicted to low interest rates and we really can’t go much lower so that silver bullet has now been maxed out. This impacts college tuition, housing prices, automobile costs, and practically all items that we utilize and purchase in our lives. Inflation catches up on you in a slow and sneaky way. Little by little you start to realize that your money isn’t going as far as it once did. We typically see reports showing that inflation is moving along nicely through the Consumer Price Index (CPI) but in reality, things are very much different. Let us compare the cost of living between 20.