bric , 11 months ago

The distribution of that pie is also being skewed. Technology has brought prices slightly down (relative to income) for a lot of things that we buy, meaning that we get better prices and more variety on things like food, clothes, travel, and obviously electronics, but a couple of unavoidable things like housing prices and college tuition have exploded so dramatically that it totally overshadows the modest gains that we get. Both are things that only need to be paid for once, so anyone that went to school and bought a house before prices exploded now gets to enjoy cheap housing and cheap commodities, while anyone unlucky enough to come after is just screwed. I think that’s part of why older generations are so unsupportive of how much of a struggle it is for millenials and gen Z, the economy has gone to crap, but so far its only really hit the young