The chart below shows how this statement holds true for housing, healthcare and energy… pretty much everything in fact.
But the astronomical rise in the cost of higher education eclipses all.
Tuition and fees exploded 300% higher in the last 20 years. If one dollar bought four years of college in 1990, today that same dollar would only get you one year of school.
Schools continue to hike tuition because they have little incentive not to. Students accept debt servitude because they have few alternatives.
Something has to give. Exponential growth is not sustainable growth – it’s as simple as that.