New here?
Create an account to submit posts, participate in discussions and chat with people.
Sign up
48
Consoom Labour Day (media.scored.co)
posted 20 hours ago by USSDefiantJazz on scored.co (+0 / -0 / +49Score on mirror )
11 comments
Permalink
Mirrored from scored.co
You are viewing a single comment's thread. View all
4
NoRefunds2 on scored.co
6 hours ago 4 points (+0 / -0 / +4Score on mirror ) 2 children
This happened to my mom. She was a saver, she was able to save $400k or so by 2001. She could have bought 2-3 houses at the time with it, maybe even 4. She still has that $400k ish it's a bit higher... She never invested it or did anything with it other than let it gain interest in the bank which she lived off of. Now that $400k can't even buy half the cost of her current house. I believe the inflation numbers are far higher than we're even being told.
Permalink Reply
Mirrored from scored.co
0
USSDefiantJazz on scored.co
6 hours ago 0 points (+0 / -0 )
Thanks for sharing, I remember back in the day reading Robert Kiyosaki's Rich Dad Poor Dad and he talked exactly about this scenario, which is why it's important to invest.
Permalink Reply
Mirrored from scored.co
0
HarlechMan on scored.co
4 hours ago 0 points (+0 / -0 )
Inflation is calculated a few ways, but the "core CPI" leaves out food and energy as they are "too volatile"...lmao. There are also "hedonic" adjustments. So a product might nominally cost 20% more in 2026 vs 2006, but hey it's got more pixels or whatever so it "better" amd therefore the actual price inflation was "really" only 5%...

All I know is that I make about double what I did 15 years ago, but maybe feel like 10% "richer" despite promotions and experience... My pay is up 200% but my groceries are 400%.
Permalink Reply
Mirrored from scored.co
Toast message