Why are things so expensive?

Why are things so expensive?

Jordan Goodman (Personal Finance Author) gives expert video advice on: Why is life so expensive?; Why are things so expensive?; How much is the cost of living expected to go up in the coming years? and more...

One of the reasons things are so expensive is there is more demand for commodities around the world these days. China has been growing extremely fast, over 10%. India growing very fast. They are developing a huge middle class which demands more commodities. So the prices of aluminium, copper and gold and coal and all the things that go into creating an economy are going up. And that's something that we, in the United States, are also feeling as well. Other areas that are going up. Healthcare is going dramatically. The baby boom is retiring and uses more and more healthcare so that's a big expense. Oil is going up dramatically. There is less supply. The old oil fields are burning out. There is more demand so oil is going up, as are gas prices that go along with it. So, in general, the big demand for commodities from the developing world is causing the prices of what we buy everyday to to go up.