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2019-05-08 — mybudget360.com
``College tuition and fees are up a staggering 163% since 2000... medical care is up 93% since 2000... Energy is up 88% since 2000 and this is factoring the boom and bust of this sector... areas that are non-essential are down relative to the CPI: apparel, recreation, and education and communication (non-college education). So while we hear people slamming on Americans for being spenders just look at these areas. Many people have cut back on non-essentials. But areas that are essential are eating up a larger share of income. Many don't have this savings so they are using student loans to fund college and credit cards to pay bills.''
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