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'Hedonic' inflation can't really be measured objectively, and is somewhat useless for financial calculations, since people need to live in society.

If Christie enjoyed an 'upper-middle-class' lifestyle on an official inflation-adjusted $50k salary, then it's clear that the offical inflation figures do not actually measure the 'cost of living', but something much more diffuse and subjective like the 'quality of living'.



There's a direct relationship between other people making similar wages to you, and your inability to get someone to do a good job on anything at a price you can afford.

If the cost of living hadn't "increased", then the middle class would still be tiny, and we wouldn't be in it. The whole thing would be moot.




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