1:11:05 people think prices have increased steeply is because not only is the price of your average necessities up but they went up on top of inflation and the wages have remained stagnant all these factors combined give the perception of massively increased prices. Things we use to by at decent prices are now double the price things like eggs things like particular meats things like toilet paper. So there's that aspect on top of the fact no one can afford housing no one can afford cars no one can afford a lot of things that even for a well off gen-xer could afford. Now no one except wealthy boomers can afford things we use to be able to afford with heavy savings. Now the only path forward is financing and debt. It's also important to note that specific places in America have different prices places like California new York even Texas the prices are in fact double than that of a decade ago.
1:11:05 people think prices have increased steeply is because not only is the price of your average necessities up but they went up on top of inflation and the wages have remained stagnant all these factors combined give the perception of massively increased prices. Things we use to by at decent prices are now double the price things like eggs things like particular meats things like toilet paper. So there's that aspect on top of the fact no one can afford housing no one can afford cars no one can afford a lot of things that even for a well off gen-xer could afford. Now no one except wealthy boomers can afford things we use to be able to afford with heavy savings. Now the only path forward is financing and debt. It's also important to note that specific places in America have different prices places like California new York even Texas the prices are in fact double than that of a decade ago.