Michael Panzner observes that while wages have kept pace with the cost of many goods and services over the past 20 years, Housing, Higher Education, and Medical Care are what are squeezing consumers.
Its pretty astounding that Energy doesn’t make the top 3 over 20 year period.
click for larger chart:
Chart courtesy Michael Panzner, Rabo Securities
I imagine the graphic would look quite different over a 3 or 5 year period