We all know that prices typically go up over time: that's called inflation.
But does everything get more expensive over time? Nope!
As any senior citizen will tell you, prices for everyday goods have changed a lot over time. In the 1950s, food and housing ate up nearly 60% of a household's budget. Now, housing and miscellaneous expenses, that include things like insurance and retirement contributions, account for 60.5% of the average American family's budget.