Why is everything getting so over-priced?
In: Economics
The elephant in the room is that a lot of people’s income is not keeping up with the rate of inflation. A prime example is rent rates that on average have increased 3% per year from 20 years ago but salaries lag behind it.
So over a longer period of time in general people are starting to afford less things with their incomes. This trend began in the 70s.
Latest Answers