Quote:
Originally Posted by Garcia
Two things are striking - health care and housing costs. Both, for whatever reason, take up a significantly larger percent of my salary than my parents' salary. And, over the past 30 years or so, both property tax and health care costs have grown at a higher rate than my salary. Same is true of cars. My first good, dependable used car back in the mid 80's cost less of a percentage of my part time job than what my kids are looking at today.
That said, health care covers more, cars have more safety features and computerized components, and houses have grown in size.
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Housing is a killer for those in their 20s/30s today, and it's a great illustration of how "a rising tide does
not lift all boats". We have bid up the cost of a very limited resource--the most attractive land--based on what we can afford. Too bad for our kids...