Curiouser and Pricier

If it seems as though some things have gotten more expensive over the years, even taking inflation into account, you’re not wrong.  This graph tracks the price of various things as compared with wages over the past 30 years.

I find it interesting that the two things that have increased most dramatically in cost are things backed by government money.  Inexpensive and these days nearly ubiquitous government student loans, and now healthcare backed by insurance which now is mandatory.  Sort of.  Kind of.  Maybe.  Obviously, as the graph indicates, government backing isn’t necessarily causative of the rise in health care costs, since Obamacare is a relatively recent thing and doesn’t seem to have driven costs up at a higher rate than previous years.

One thing that surprised me was the relative cost of new cars has only gone up by 18%.  Seems like a typical new car is a lot pricier today than it was 30 years ago, even considering inflation.

 

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