• sp3ctr4l
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    5 months ago

    Housing (homes and apartments) is either in yet another bubble, or I guess just going to permanently remain absurdly high, slowly filtering more and more people into homelessness and death.

    EDIT: (derp i fucked it up, EDIT 2)

    Average rent vs median wage, cpi adjusted, and indexed to 1982 = 100.

    https://fred.stlouisfed.org/graph/?g=1raP7

    (Basic take away: the average real rent is about 4.2x or 420% what it was in 1982 whereas the median real wage has only risen by about 1.2x or 20%)

    Edit 3: I would do median rent vs median wage, but FRED does not appear to track median rent.

    Personal debt levels are astoundingly bad EDIT: If you do not own a house. The average US renter credit score is 638, and most places won’t even consider you if it is below 620.

    https://www.investopedia.com/do-you-need-credit-to-rent-apartment-8600564

    … a study from Rent Cafe found that the average credit score of renters in the U.S. was 638 in 2020 (the most recent data available),…

    The medical system remains ruinously expensive and corrupt.

    The proportion of those who are not counted as unemployed, but who are not working, climbs higher and higher. is lowering, but still has not recovered to Pre-Covid levels, much less abated its general downward trend since the 90s.

    (Labor Force Participation Rate).

    https://fred.stlouisfed.org/graph/?g=1raRG

    College costs climb further and further, offering less and less likelihood of an actual decent paying job.

    Wealth inequality is the worst in the known economic history of the world.