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> 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 analys
by 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.