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Why cost of living is destroying the social compact in the US and Europe and upending governments in 2024-2025

02/24/2025

Used car prices are up 45% since 2019 putting used cars at average price $28000. It is not a discretionary cost, one needs a car to get to work in the US. There are cases of young people not able to pay soaring repair costs quitting work without transport. This is why there was so much discontent in 2024 after supply shocks and price gouging pushed up prices in 2024. Another factor evident in airline ticket pricing was demand and the excess income of the top 20 percent. In housing and apartment rentals supply shortages pushed up prices, demand and excess income of the top 20-30 percent pushed up prices beyond the reach of the rest, higher interest rates made it unaffordable to buy a home for most Americans.

Grouped Articles

Why There Is No Relief Ahead for High Used-Car Prices

WSJ 02/15/2025

The U.S. Economy Depends More Than Ever on Rich People

WSJ 02/24/2025

Apple China.

07/08/2010

Apple is going after the Chinese market in earnest in 2010 after a slow start.

Grouped Articles

Apple Faces Dilemma Over Strategy in China

Wall Street Journal 04/24/2013

Digits | WSJ.com/digits

Wall Street Journal 09/11/2013

Apple's 'Low End' Strategy Disappoints

Wall Street Journal 09/11/2013

Apple Won't Go for Broke in China

Wall Street Journal 09/12/2013

Apple, China Mobile Sign Deal to Offer iPhone

Wall Street Journal 12/05/2013

China Deal Gives Apple Big Market to Court

New York Times 12/22/2013


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