20 year price changes of goods & services in the United States
Updated on
Look at this chart. It’s 20 years of U.S. price changes. Hospital bills, college tuition, and childcare have gone through the roof. TVs, software, and toys? Getting cheaper every year.
Marketing Analysis
The market rewards efficiency and competition. When multiple companies fight for your dollar, they innovate, streamline, and drop prices. When industries get locked down with regulation and red tape, prices climb.
Why It Works
- Competition forces better value for customers
- Scale drives down costs in open markets
- Barriers (like regulation) slow innovation
- Consumer choice keeps prices honest
- Efficiency always wins long term
Examples
- TVs: down nearly 100% in price since 1998
- Software: free or near-free thanks to SaaS and open-source
- College tuition: up over 150%
- Hospitals: up about 225%
- Toys: cheaper and better quality due to global competition
Analyzed by Swipebot
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