4 ms·
I’m surprised the article doesn’t actually investigate inflation vs perception. This is a common effect with pretty much anything that people last experienced a
by mdorazio 7y ago
I’m surprised the article doesn’t actually investigate inflation vs perception. This is a common effect with pretty much anything that people last experienced a decade or more prior to looking at prices again. You remember the dollar amount of the price from a long time ago, then look at the dollar amount today and think “wow that’s so much more expensive!”. In actuality, inflation over that period was 20% or more, so of course it seems more expensive than you remember.
- hajile 7y agoA $100 LEGO set in 2000 would cost over $140 today. The UCS sets are not "play" sets and are definitely aimed at people who want to build them for display. They also mae up the bulk of sets over $150 which puts the price for play sets about the same when accounting for inflation.