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Reply to "I know why Millenials can't afford houses and pay off their student loans.."
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[quote=Anonymous]I skipped from about page 6 to page 20, but in what I read nowhere did I see this stat cited: Since 1985, the overall consumer price index has risen 115% while the college education inflation rate has risen nearly 500%. Meanwhile: The wages of middle-wage workers were totally flat or in decline over the 1980s, 1990s and 2000s, except for the late 1990s. The wages of low-wage workers fared even worse, falling 5 percent from 1979 to 2013. Saying "Starbucks is $5/cup!" or "responsible ppl pay off their loans, tsk tsk" is not really useful in a vacuum. Things have changed in ways that can't be blamed exclusively on supposed character defects of younger people who, as usual, have somewhat different values and cultures than older people. Enjoy your social security. We won't.[/quote]
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