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by zeroonetwothree 150 days ago
Rent has risen about the same as wages over the last 40 years. So a bit higher than inflation but not so much that it’s less affordable.
2 comments

Health care and education are the two that have really outpaced inflation, the trade-off being that basically all durable and consumable goods have run way below inflation.
Inflation is the rate at which prices rise. If things are getting more expensive faster than inflation, you're just undercounting inflation.
Inflation is the rate that a whole basket of goods gets more expensive. At least that’s how CPI is calculated and it’s what I meant by it. Since that number is averaged across a bunch of goods and services, there will always be some that increase faster or slower than inflation as a whole.
Are those figures mean wages? Or median wages?

Because the difference between those is a vast gulf.

Median. BLS barely tracks mean wages at all because it's extremely hard to do.