And we can blame capitalism for it. It's not "having the latest and greatest things."
Even compared to inflation, health care costs have exploded from $400B to 3.8$T (in constant, 2019 dollars) since 1970.
Education has outpaced inflation, increasing in cost by 25% over 10 years (again, in constant, inflation-adjusted dollars). We used to end WW2 vets and most other middle-income students to school for free with pell grants, GI Bill, etc. Then states slashed those programs (especially the south, after civil rights; for the same reason they preferred to fill in their public pools wi