Common Expenses That Have Outpaced Inflation
A recent survey found a third of millennials wish they’d grown up when their parents did, partly because a lot of things are way more expensive now. Here are five common expenses that HAVE risen a lot faster than inflation.
- College. The price has more than tripled in the last 20 years. In 1997, the average tuition at a public university was $2,966 a year. Now it’s $9,650.
- Gas. The national average is $2.66 a gallon now. Which isn’t bad compared to a few years ago when it was around $3.50. Even though it’s gone down a little, it’s still outpaced inflation over the past 20 years.
- Buying a house. In 2000, the median cost of a home in the U.S. was about $120,000. Now it’s around $235,000. It’s almost doubled in the past 17 years.
- Movie tickets. The average ticket cost a little under $5 twenty years ago. Now it’s just under $9.
- The price of cable TV. It’s gone up more than twice as fast as inflation. In 1995, it cost an average of $22.35 a month. Now it’s around $70 a month.
Read more at CNN.