Tuition And Health Care Costs Are Soaring While Your TV And Cell Phone Get Cheaper | Exploring Markets

Tuition And Health Care Costs Are Soaring While Your TV And Cell Phone Get Cheaper




"Since the 1980s, for instance, the real price of a midrange color television has plummeted about tenfold, and televisions today are crisper, bigger, lighter and often Internet-connected. Similarly, the effective price of clothing, bicycles, small appliances, processed foods — virtually anything produced in a factory — has followed a downward trajectory. The result is that Americans can buy much more stuff at bargain prices. 
Many crucial services, though, remain out of reach for poor families. The costs of a college education and health care have soared." - New York Times, Changed Life of the Poor: Better Off, but Far Behind. A piece about changing costs, demographics, and welfare in America.