Median family income in the US increased from $10,000 in 1971 to $106,000 today, only a 10x increase.

However, the median cost of homes increased from $25,000 to $445,000, a 17x increase.

And the median cost of cars increased from $3,600 to $50,000, a 14x increase.

The median cost of college increased from $2,900 a year to $45,000, a 16x increase.

And the average cost of healthcare per person increased from $350 to $14,600, a 42x increase.

THIS IS ABSOLUTELY INSANE.

@FluentInFinance

Even the conservative AEI recognizes this (see chart). It reveals a great deal about our economic priorities (see blog post).

https://www.someweekendreading.blog/soc-priorities-chart/