5 ms·
"Over the past five years" - I feel that in order to formulate "a historical price index per generation" you need to look at inflation over the entire life of t
by ojbyrne 8y ago
"Over the past five years" - I feel that in order to formulate "a historical price index per generation" you need to look at inflation over the entire life of the generation. Baby boomers went through the seventies, when inflation was significantly higher than now.
- refurb 8y agoI was coming here to say that. Inflation rates in the double digits is something millennials have never gone through.
- A2017U1 8y agoMy parents "suffered" through 14% interest rates, wages were rising at breakneck speeds and their mortgage was largely inflated away before they even paid any of it off. By historical standards it was actually a great time, a single wage family could afford their own house. Such similar circumstances is impossible today in the same city.
- refurb 8y agoThere is a reason they called it stagflation. It wasn’t a good time at all in the US.