that is not my understanding. how are you defining "effective income" | Hacker News

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		s1artibartfast on Sept 17, 2020 \| parent \| context \| favorite \| on: The majority of 18- to 29-year-olds in the US are ... that is not my understanding. how are you defining "effective income"

mcv on Sept 17, 2020 [–]

If everything gets 4 times as expensive but your pay stays the same, you can only afford 1/4 of what you used to.

s1artibartfast on Sept 17, 2020 | [–]

Correct, but I do not believe that is the case.

I think both pay has gone up over time and tracked with inflation. I also think the things people are buying better and more expensive products than they did before.

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