Viewing profile — otnihoithiu

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 differentl…

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.

Wow, you can clearly see the degree to which the housing recession damaged the lifetime earnings of gen Y.

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 ont…

He didn't hide it under his mattress, he purchased enormous amounts of farmland to rent seek off of your need to eat. https://www.businessinsider.com/bill-gates-land-portfolio-bi..…

If you gave every American 30k USD, most people would go out and purchase a 50k automobile.

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 f…

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, inf…