Current Inflation Has Different Effects on Different Age Groups
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Current Inflation Has Different Effects on Different Age Groups
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Re: Current Inflation Has Different Effects on Different Age Groups
#2I feel like technology has led to such an efficient form of capitalism over the past 20 years, that there's no room left for any possibility of social mobility. It's this system where there is just enough room for you to live and get by, but never get ahead. Prices for everything are so efficiently optimized at this point that there is no more "wiggle room" for a working person to build wealth. The basic necessities of life have risen to perfectly match your income. It's a new kind of slavery. As a single male with no family or debt, making 3x the median wage, I am just barely doing ok. I literally can't even imagine how other people are still surviving.
Re: Current Inflation Has Different Effects on Different Age Groups
#3I wonder how much higher it would be if medical costs were taken out. Housing is the biggest problem for my generation, but it gets almost no traction nor solution.
Re: Current Inflation Has Different Effects on Different Age Groups
#4I feel like technology has led to such an efficient form of capitalism over the past 20 years, that there's no room left for any possibility of social mobility. It's this system where there is just enough room for you to live and get by, but never get ahead. Prices for everything are so efficiently optimized at this point that there is no more "wiggle room" for a working person to build wealth. The basic necessities…
{sum of your total monthly subscriptions/bills} = {your monthly paycheck}
Re: Current Inflation Has Different Effects on Different Age Groups
#5I feel like technology has led to such an efficient form of capitalism over the past 20 years, that there's no room left for any possibility of social mobility. It's this system where there is just enough room for you to live and get by, but never get ahead. Prices for everything are so efficiently optimized at this point that there is no more "wiggle room" for a working person to build wealth. The basic necessities…
You make ~$90,000 a year and are barely getting by with no debt or children? Where do you live?
Re: Current Inflation Has Different Effects on Different Age Groups
#6I feel like technology has led to such an efficient form of capitalism over the past 20 years, that there's no room left for any possibility of social mobility. It's this system where there is just enough room for you to live and get by, but never get ahead. Prices for everything are so efficiently optimized at this point that there is no more "wiggle room" for a working person to build wealth. The basic necessities…
High marginal income tax rates are designed to keep you from building wealth-- the capital-holding classes don't want the competition for assets.
Re: Current Inflation Has Different Effects on Different Age Groups
#7Medical care, especially drugs, greatly increasing in price for old. 2/3rds of over 65 have at least one cintinuing prescription.
Re: Current Inflation Has Different Effects on Different Age Groups
#8Medical care, especially drugs, greatly increasing in price for old. 2/3rds of over 65 have at least one cintinuing prescription.
Not all prescriptions are for expensive medicines. I'd say many of them are generic drugs which cost pennies per day.
Re: Current Inflation Has Different Effects on Different Age Groups
#9I feel like technology has led to such an efficient form of capitalism over the past 20 years, that there's no room left for any possibility of social mobility. It's this system where there is just enough room for you to live and get by, but never get ahead. Prices for everything are so efficiently optimized at this point that there is no more "wiggle room" for a working person to build wealth. The basic necessities…
Especially now that websites can jack up the price based on tracking data.
Re: Current Inflation Has Different Effects on Different Age Groups
#10I wonder how much higher it would be if medical costs were taken out. Housing is the biggest problem for my generation, but it gets almost no traction nor solution.
Housing is largely a problem to do with interest rates and mortgages inflating the land. The actual construction materials themselves (at least here in Canada) aren't too bad.
I keep wondering why someone doesn't kickstarter a town. It has all the right incentives. Make guidelines that enforce density in the core and do common sense things from day 1, like wire fibre to every domicile.