everything goes up price, groceries, gas, school tuition, household utilities (gas/electric/water) cars, taxes, pretty much anything that people need to survive. only thing i can think of is technology items, like gadgets/computers that do not go up in price.
how are we supposed to survive in the future? before the whole housing market boomed, (i live in the DC area) you could buy a decent size, single family home starting at 200k. now that same house will be 500k. i know for people who already have equity in their current homes may be able to afford to move if they wanted to but what about us 20-30 year old where we just joined the workforce within the last 5 years and we just started making money?
i'm not only talking about housing, just used that as an example. but seriously, what are we supposed to do? it seems like the middle class is dissappearing (where i am at least).
2006-10-25
18:28:01
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4 answers
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asked by
tom l
3
in
Economics