Costs That Rise Faster Than Inflation

Many costs are rising faster than inflation. The most important is that of going to college.

One reason is that the government subsidizes this effort with tax breaks. Schools are, therefore, not under pressure to reduce their charges. They do give scholarships, but charges tend to rise far too much beyond normal inflation.

Schools claim their own expenses are rising but they may not be exerting enough effort to curtail budgetary controls, with government subsidies and income tax accommodations assured.