That’s the title of an article over at The Vulgar Curmudgeon’s new blog site (and if you followed him on Blogger, you’ll want to update your link to reflect his new home). He provides a number of interesting charts, showing how prices and affordability of various assets, etc. have changed over time in comparison to income. Here’s one example – automobile prices.
When you look at the increases over the past couple of decades, and consider that real incomes have largely decreased over the same period, things become clearer. It’s even more brutal when you reflect that the “official” rate of inflation has little or nothing to do with the real rate of inflation.
Go read the whole article. It’s worth your time.