The "legacy" economy, which presumably most of us early adopters of crypto are here specifically to escape, continues to churn out depressing results for an entire "lost" generation of Millenials. The remaining shills for it open their mouths daily in an attempt to prevent us from seeing the kind of benefits from this once-in-a-lifetime market transformation that might reverse the current Feudal Lord (them) - Vassal (us) relationship.
Nothing in this chart is remotely surprising, if you have been following the trends in this country.
This is what a G-rated gif of getting screwed looks like.
Costs on everything continue to go up, while wages fail to keep pace with even official inflation, which is itself highly manipulated with hedonic adjustment and other accounting tricks to vastly understate the real inflation rate.
This appears to be going exactly the way that the politicians and elite want it to, with the trend only increasing in recent years.
Adjusted for understated, "hedonically-adjusted inflation," that is.
The bottom line is most of the nation is broke, can't afford proper healthcare, and couldn't come up with $400 cash for an emergency expense without taking out a line of credit.
It's not much of a surprise that the locations with the densest populations show the most aggressive increases in housing costs.
Households now have less disposable income today with 2 full-time workers than they did in the 1970's with only one worker.
The idea that cryptocurrency might come along and reset the global financial ledger is threatening enough to the mainstream that they may not even be capable of grasping it until it has already happened.
Until then, I can only offer them the wise words of Abe Simpson, and remind them they are now members of the same demographic:
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Sources: Us Census, US Center for Budget Policy, Zero Hedge (repeatedly), Marketwatch, Zillow
Copyright: The Simpsons