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by alexgmcm
2788 days ago
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I think they had cafes and restaurants etc. in the 70's... Also Netflix is really, really cheap and my computer cost me approx 800 USD and has lasted 5 years. Housing (and in the USA, healthcare and college I suppose) are by far the most expensive things for most people and have soared in price. All the other things are negligible in comparison - it's like the people going on about avocado toast. |
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Assume $120 annually for Netflix. A cost almost everyone assumes now, and most people have (58M subscribers in the US/~120M households in the US). $120 compounded yearly at an 8% rate over 18 years is almost ~$5k. Depending on the year attended that's anywhere between 2/3 years of a degree and half of a semester at a public institution (in today's dollars).
Point is, it all adds up. And taking your example; the most expensive things we spend money on are also inflating at an abnormally high rate. The money has to come from somewhere, and when it's leaking out $10/month at a time, it's sometimes hard to find and easy to overlook.