At the very last, it's devalued by more than half, and this is a national trend in the housing market alone. You can also observe this in dining out (either sit

At the very last, it's devalued by more than half, and this is a national trend in the housing market alone. You can also observe this in dining out (either sit down or fast food), groceries, tools, etc. And yes, a pre-2021 dollar losing half of its worth in less than a couple of years is "near nothing". That means the dollar is a terrible store of value, and an entire net value stored in dollars would disappear inside half a lifetime, if not faster if Congress does another mass printing/borrowing of money. As an anecdote example: * Pre-2021, my house was 160k, with about 10% down, resulting in P&I of about $750. * Post-2021 (and no significant change since, the same house can probably sell for near $320 (& definitely $290 at the low end). To buy this, you'll need twice the down payment, and even with 10% down, your P&I is now nearly $2000 (due to the higher interest rates and huge principal). A dollar in 2018 is worth 2.67x more than a dollar today. It's pretty apparent in equities, but also in commodities, and there's no going back to pre-2021 monetary values. "Inflation" may or may not have slowed down, but a lot of people are now stuck until deflation actually occurs or significant salary growth occurs.