Chartist Doug Short recently published this graph plotting college tuition, medical care and the cost of a new car. According to the Bureau of Labor Statistics Inflation Calculator, $1 in 1980 = $2.83 in 2013. For example, the average cost of a new car in 1980 was $7,200, so the inflation-adjusted price in 2013 would be $20,376. The actual average price today is around $31,000, so after adjusting for inflation the current average price of a new car is higher than in 1980.
This chart reflects the real increases in cost:
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Can we be honest for moment? Isn't it obvious that those at the top of the wealth-power pyramid don't want us to know how much ground we've lost while they've gorged on immense gains?
