Earlier quoted context omitted.
> if they're using the CPI then it can be very misleading. One need only compare nominal wages vs nominal rents per square foot for the last 50 years to see that actual wages have dropped by 30% and yet the "real" hourly average wage calculated via the CPI is flat, falsly implying that actual wages have not dropped. Yes, if you get to pick prices of arbitrary items to compare against, it's easy to come to whatever co…
shelter isn't just a cherry picked item. It's by an far the largest spending category, that and healthcare. I couldn't care less about all the other categories, personally.
Careful.
Much of the western world has healthcare that is free at the point of use and paid for by taxation; one cannot extrapolate consumer inflationary healthcare costs in quite the manner the USA does.