Can the cost of living go down?

Answer 1

Not likely!

Answer 2

Technology and competition are constantly driving down the costs of living.

Today, I can buy a TV comparable to my 1991 Sony for about half the price (counting inflation, about 1/3 the price).

Air travel is way less (after inflation) than it used to be.

Cars (comparably equipped) are much cheaper and way better performing and much safer than just 10 -15 years ago.

Only government regulated, controlled, or 'intervened' products/services cost more. This would include things like healthcare and education.

Products and services provided by 'unimpeded' free markets always cost less because technology and competition reduce costs and improve quality.

Answer 3

Sure, cut back on procreation and live below your means EQUALS problems solved!!! Most Americans refuse to do these things hence their high cost of living. I do both of these things and I have plently of extra cash each month after bills. If I had kids and lived above my means like most Americans then I would have a high cost of living and a bullet in the brain because I rather do that then have the daily struggles of the average America.

Answer 4

Yes - It is normal for the real (inflation-adjusted) cost of living to go down over time, with increased economic productivity. This is happening today, and has been happening for thousands of years. (Oh, please CORRECT me if you are working 14 hours a day, seven days a week just trying to grow enough barley to avoid starvation for the next month...)

It is even possible for the nominal (price tag) prices of most things in general to go down -- that is called deflation, and is usually associated with terrible economic conditions. This happened during the great depression and to a less severe degree has been happening in Japan for much of the last 15 years.

Answer 5

As long as people keep spending, houses ,cars and eletcronics, Then NO ......if people are dumb enough to pay the high costs for things the companies are of course keep going up for the sake of profits.... IF people would stop buying things other than bare necessities YES prices would go down ... The same with fuel ,vacations ect. buy it only as needed (not as wanted) you will see a price decrease.. People have forgotten we control the prices and economy ...by our spending on things we want. save your money for the future ...you're going to need it....

Answer 6

It can happen provided demand side and supply side factors can be controlled. Excess demand in the economy should be brought under control. Maybe a tight money policy can do the trick. On the other side, on the supply side, care should be taken to avoid supply side bottle necks, especially production bottlenecks.

Answer 7

Sure it could with a lowering of inflation. Or with a limited economic collapse. Anything is possible, just not probable.

Answer 8

Yes. It's called deflation

Answer 9

The only time it happens is during what is called a depression.

Answer 10

It should, and more often than it does but greed my friend is the root of all evil and the reason why bad politicians and bad businessmen keep us all screwed!!!