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37
posted 1 year ago by PointyStick2 on scored.co (+0 / -0 / +37Score on mirror )
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Vlad_The_Impaler on scored.co
1 year ago 14 points (+0 / -0 / +14Score on mirror ) 1 child
this median family income in 1950 would be equivalent to around $38,000 in today’s dollars

That means they could buy a house In full with 2 years income.

Today you need at least 10 years income to buy a house
systemthrowaway on scored.co
1 year ago 7 points (+0 / -0 / +7Score on mirror ) 1 child
Also cross your fingers that in those 10 years they don't cause even higher inflation causing your savings to evaporate
Vlad_The_Impaler on scored.co
1 year ago 4 points (+0 / -0 / +4Score on mirror )
It's a game of musical chairs. You have to save up money to get land or get more farm animals or build a new barn or dig a well.

But in the meantime the government is printing money.

If the government prints money faster than you can save then you are never able to keep up with rising prices no matter how urgently you attempt to save money.

The ScamDemic was far more costly to economies than anyone is willing to admit. The frauds who pushed the scamDemic deserve to be executed just due to the extremely high cost and the extraordinary amount of money printing.

Also i want to point out how cooked and unrealistic these "median household salary" figures are. For one thing, a household income back then was only ONE MAN working and the wife being at home. Now TWO household incomes can't even keep up with what ONE household income was back then.

They also count many welfare receipts as income and have toyed with the definitions and classifications of these terms and statistics.

The inflation figures themselves, which are used to try to equate and arrive at "inflation adjusted" figures are fraudulent and manipulated and quite often switch around what products and goods are utilized in the consumer price index.

Even the mathematical formulas utilized to calculate GDP are manipulated. They changed the math equation for GDP three times to save Obama's ass so that it wouldn't show that Obama had the USA in a recession for six years straight. In Obama's last year he only had 1.3% GDP growth and yet the lying jews on fake news media told you Trump inherited a booming economy. One with LOL 1.3% GDP growth after they changed the formula three times to help him not show negative numbers his entire affirmative action presidency.

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