Chill Out, Rich People: You are Just Getting Richer

Amid news that Boston has suffered worse inflation than other U.S. cities, we've also learned that the income gap in Massachusetts is getting bigger. The two phenomena are locked in a vicious cycle: as rich people spend more money, the cost of living goes up for the rest of us, who find it harder to send our children (or ourselves) to school, which limits our chances to earn greater incomes. It sucks for the rest of us, but rich people can stop worrying about that nasty host on the Cape. Chances are, they will have their own vacation houses soon enough.

Contact the author of this article or email tips@bostonist.com with further questions, comments or tips.

Comments [rss]

blog comments powered by Disqus

Tips

The day's most popular stories from Bostonist every evening in your inbox from our newsletter.

About Bostonist

Bostonist is a website about Boston. More

Editor: Matthew Gannon

Publisher: Gothamist

Contribute

Latest Tip:

nice
[more]

Latest Photo:

Recent Comments

Subscribe

Use an RSS reader to stay up to date with the latest news and posts from Bostonist.

All Our RSS