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It's often lost on us how much more you can buy for a dollar today vs. 40 years ago (when corrected for inflation).
by jopsen 8y ago
It's often lost on us how much more you can buy for a dollar today vs. 40 years ago (when corrected for inflation).
- eppsilon 8y agoExcluding healthcare and higher education, unfortunately.
- jopsen 8y agoProbably also housing. But if you look at healthcare you simply couldn't buy an insurance that offered 75% survival rate for cancer 40 years ago, today most insurances do.. I am not saying health insurance isn't too expensive and shouldn't be public. I'm saying product is better.
- drankula3 8y agoWhen corrected for inflation,I make 30% less than my father did right out of college.
- jopsen 8y agoAnd yet, you are having a conversation with a European who haven't had breakfast yet -- and it's costing you next to nothing :) I'm not saying everything is fine and dandy. It's not. I'm saying we often underestimate what we take for granted today, that wasn't possible 40 years ago.