There they were — Yellen and members of Congress yucking it up, utterly blind to the real financial pressures ordinary regular Americans feel each and every day.
Let’s start with the basics, like her interpretation of inflation — which she bases on the opaque and completely outdated model used for 20 years: the consumer price index.
And according to the College Board, from 1985 to 2012, the overall CPI rose 115 percent while the college inflation rate has risen nearly 500 percent.
According to the 2017 Milliman Medical Index, the average cost of an employer-sponsored PPO plan for a family of four is $26,944, with $11,685 coming out of each employee’s pocket.
And for those without subsidies, the average cost of an ObamaCare plan for a family of four was $18,142 in 2016 — plus the 25 percent average estimated ObamaCare bump for 2017.