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I find it fascinating that thirty years ago, the sort of "default" unit of paper currency was a $20 bill — like, ATMs never output tens or fifties, it was alway
by Eric_WVGG 3y ago
I find it fascinating that thirty years ago, the sort of "default" unit of paper currency was a $20 bill — like, ATMs never output tens or fifties, it was always twenties, so you'd probably have a few andrew jacksons in your pocket — but today that's still the go-to.
Walk into any convenience store and try to pay with a fifty dollar bill, you're lucky if they even take bills that large, they won't want to make change, they'll pull out a highlighter to make sure it's real. But it's only worth about twenty bucks to anyone who was around for Nirvana.
- MuffinFlavored 3y ago> but today that's still the go-to. I agree with you however I think this shows how poorly people understand inflation. Inflation from 1993 -> 2023 is 113% Slipping a waiter an extra $20 has 113% less meaning in 2023 than it did in 1993. You should be slipping a $40 lol
- Eric_WVGG 3y agoFor sure. Every bartender in my ’hood loves me because I'm the only person who tips more than a buck for a beer.
- FrustratedMonky 3y ago? Man, I still use a buck. Didn't realize how much that had changed. Guess used to be if a beer was 2, and you tip a buck, it is 50% Now a Beer is 6, and you tip a buck, it is ~16%. But really, 50% was way too much to begin with, it was just convenient accounting when hammered.
- cooper_ganglia 3y agoA $40 tip is wild unless you’re talking about taking the entire family out to a nice restaurant, lol. I remember 20 years ago, the general rule was to tip at least 10%, then at some point it changed to 20%. I abide by that. If it was great service, I tip 20%, if it wasn’t very good, I tip 10%.
- sokoloff 3y ago> Inflation from 1993 -> 2023 is 113%. Slipping a waiter an extra $20 has 113% less meaning in 2023 than it did in 1993. That $20 has 53% (1 - (1/2.13)) less meaning in 2023 than in 1993. If it had 113% less meaning, the 2023 meaning/value would be negative and the waiter should rationally turn it down.
- epylar 3y agoMy ATM is now trying to give out $50s unless I override it. It tries to find the fewest bills using $50s and $20s.
- kccqzy 3y agoMy ATM allows customization and it even allows me to withdraw all $5s. These small bills are handy for giving tips.
- mc32 3y agoThe max default tended by an ATM used to be 100. Then it was 200. Now it’s 500.
- pnut 3y agoAt the time of Nirvana, a new CD cost what, $17 to $20 in my memory. Imagine today, paying $50 for any random album you wanted to own.
- bluedino 3y agoAt Sam Goody or Camelot Music, CD's were $14-20 Meanwhile at Best Buy (and other places I'm sure, but I worked at Best Buy) they were $9-12
- taway_6PplYu5 3y agoYes, the famous "Yuppie lunch ticket"