I don’t think this factors in things that have gone up significantly, such as cost of repair and maintenance. I think another easy thing to point to would be the amount of 84 month car loans, and how many people struggle to pay those. I will also point out in 2005 that wage inflation was much closer to keeping pace with overall inflation. It’s easy to point to the one thing you did, but that misses the full picture imo.
I don’t think this factors in things that have gone up significantly, such as cost of repair and maintenance. I think another easy thing to point to would be the amount of 84 month car loans, and how many people struggle to pay those. I will also point out in 2005 that wage inflation was much closer to keeping pace with overall inflation. It’s easy to point to the one thing you did, but that misses the full picture imo.