Why is everything getting so over-priced?
In: Economics
What’s your reference of over-priced? Things are more expensive than, say, 20 years ago, but income has also gone up drastically (in the US at least).
For example, [in 2000](https://www.census.gov/library/publications/2001/demo/p60-213.html) the median household income in the US was only $42,148.
[In 2019](https://www.census.gov/library/publications/2020/demo/p60-270.html) that median household income in the US is now $68,703.
So in 19 years, the median household income in the US has risen about 63%, would you expect “everything” to *not* go up in price as well despite the average household bringing in significantly more money?
As an additional note, inflation pays a large part in this….inflation alone pushes that $42k income to around $62k in todays dollars.
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