Examining the cost of living between 2000 and 2019: Inflation has played a big part in shrinking the American middle class.
Most Americans are familiar with Alice in Wonderland. The Red Queen’s race in the story highlights Alice running but remaining in the same spot. Many Americans can relate. They are working harder yet somehow feel stuck. Putting more and more energy just to stay in the same spot economically. And many are unable to keep […]
Comparing the cost of living between 1975 and 2017:Â Inflation continues to eat away at purchasing power in housing and other big ticket items.
For the most part people widely misunderstand inflation. It is a complicated topic. If you ask the man and woman on the street they would respond that inflation is the price of goods going up. This is true in some respect but what people see is merely the outcome of larger forces at work like […]
Comparing the cost of living between 1975 and 2015: You are being lied and fooled when it comes to inflation data and the cost of living.
Inflation is widely misunderstood by the public. Even economists tend to have a hard time coming to a general agreement to the true definition of inflation. When you ask the person on the street what inflation is they usually respond by saying the “price of things going up†which is more of a consequence of […]
The long inflation con on the public: How the CPI severely underreports inflation and the slow erosion in the American standard of living.
The Consumer Price Index (CPI) is supposed to give us a good barometer of price changes in the economy. Unfortunately the CPI misses many big items like housing and college tuition. The latest report shows that the economy had a taste of deflation for the first time since the Great Recession hit. Of course this […]