3 ms·
Sure but pretty sure with your 1974 28k you could buy a nice house, whereas with your 2024 (equivalent) 45k you can buy an OK car, not a house
by amypetrik8 11mo ago
Sure but pretty sure with your 1974 28k you could buy a nice house, whereas with your 2024 (equivalent) 45k you can buy an OK car, not a house
- raincole 11mo agoIn theory this graph is already inflation-adjusted. In practice, I think this shows why economic statistics are borderline lies.
- marcosdumay 11mo agoThe problem is inflation. We have no way to reliably measure it over any long time-frame. Make the time long enough, and it even stops making sense as a concept.