Apr 16, 2023
10:02:43pm
10:02:43pm
I already explained how inflation is calculated, some categories will be higher
Some categories will be lower. 30% increase in inflation adjusted income means an overall increase of total “stuff” by 30%, which includes housing and healthcare. Repeat after me, “I have 30% more stuff than my parents did at this phase in their life on average which includes housing and healthcare”. The fact that housing and healthcare has gone up doesn’t remotely offset the overall increase in purchasing power that we currently have.
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- boyblue
- Joined
- Jan 28, 2002
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- Sep 20, 2024
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4/16/23 11:53am
4/16/23 3:10pm
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4/16/23 5:01pm
This really lacks perspective. The generation before me paid 15% interest on their mortgages, never went on vacation and
4/16/23 12:15pm
Rates were over 10% for almost 15 years. It wasn’t until the 1990s that we got single digit mortgage rates again. People
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