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Check US inflation since the early 80's. It's 200%. For something more recent, look at US home prices over the past year. It's crazy. Food costs are also risi
by icedchai 5y ago
Check US inflation since the early 80's. It's 200%.
For something more recent, look at US home prices over the past year. It's crazy.
Food costs are also rising. Anecdotally, grocery prices have gone up quite a bit. Restaurants, too. I don't remember a large pizza costing $25 a couple years ago.
- jdlshore 5y ago> Check US inflation since the early 80's. It's 200%. It's been 40 years. Applying the rule of 72 ('cause I can't be bothered to do a more sophisticated analysis) and assuming that your "200%" means prices have doubled since then, that comes to 1.8% annual inflation. Very reasonable.
- icedchai 5y ago200% means tripled. I'm looking at https://www.usinflationcalculator.com/ https://www.usinflationcalculator.com/ Still, it's about 2.8%. Not bad, if you look at it that way. But it adds up. I know some normal tech guys with 3 or 4 million in assets. They'd barely be 80's millionaires.
- beamatronic 5y agoThe equivalent of 80's millionaire today is about $10 million
- jdlshore 5y agoIt’s still a pretty normal level of inflation. I assume 3% in my financial planning. But yes, being a millionaire isn’t what it used to be.