otnihoithiu

6 ms·

1. 1.▲
   by otnihoithiu 5y ago

   The cost of living went up because households with two incomes outbid households with one income for scarce goods like housing. I'm not sure how it could have played out differently. Women have always, always worked to support themselv
2. 2.▲
   by otnihoithiu 5y ago

   Highly paid, older office workers are first in line when layoffs happen. Those people then face age discrimination trying to get new positions. Can really derail your earnings.
3. 3.▲
   by otnihoithiu 5y ago

   Wow, you can clearly see the degree to which the housing recession damaged the lifetime earnings of gen Y.
4. 4.▲
   by otnihoithiu 5y ago

   Prices aren't up because people are bidding more for finished goods. Prices are up because commodity costs are up, so the inputs to production cost more. Those costs are passed onto end consumers, to the extent they can afford them, or
5. 5.▲
   by otnihoithiu 5y ago

   If you gave every American 30k USD, most people would go out and purchase a 50k automobile.
6. 6.▲
   by otnihoithiu 5y ago

   Housing, schooling, and healthcare are necessities that people will go deeply into debt to be able to afford. They will pull money out of their retirement to bid on houses or pay for their kids college. They will mortgage anything, and beg
7. 7.▲
   by otnihoithiu 5y ago

   Another thing people complain about is the wealth gap. Inflation increases the value of assets. Wealthy people own assets and poor people consume goods to survive. As a result, inflation increases the gap between the wealthy and the poor. T