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 · 4 answers · asked by tom l 3 in Social Science ➔ Economics
thats so we cant get ahead.the government isnt going to let us get ahead either.theres not a middle class anymore,your either rich or poor.
2006-10-25 19:15:29 · answer #1 · answered by Anonymous · 0⤊ 1⤋
There is a housing is a bubble in real estate and the prices will fall. The fact that median wages have not kept up with inflation in gereral has been going on for 30 years. Economist have not come to any agreement about why. There have been studies indicating that immigration and trade has hade some effect but not enough to account for what has happend. Most of the gains from increased productivity has been captured by the richest 0.1 percent. Many suspect that tax cuts and deficit spending has changed the way our economy distributes income. The highly educated are doing better than the median so as a personal solution be come skilled at a high demand job.. There is lots of information about what is happening in graphical form at http://www.visualizingeconomics.com/
2006-10-26 00:11:35 · answer #2 · answered by meg 7 · 0⤊ 0⤋
I think best way is invest money in lands, agriculture farms if you have it.
2006-10-25 19:11:45 · answer #3 · answered by Cutegirl 1 · 0⤊ 0⤋
yep it's like that in Canada right now. we're just greedy bastards - like to make money but don't like to spend it on others.
2006-10-25 18:30:48 · answer #4 · answered by wreckless_angel 2 · 0⤊ 0⤋