So I guess they’re prepping for that hyper-inflation now. Can’t wait for a cup of coffee to cost $75 and a month’s rent to be $20,000. But hey, look on the bright side, I’m sure the stock market will look amazing breaking through all those all time records.
Speaking of, that would be an interesting exercise. They always talk about how various funds and stocks are up or down some percent over the previous day/week/year or whatever. It would be interesting to see that same data but adjusted for inflation. Like is the dow jones up 2% from last year or is it really down 0.5% due to inflation?
Average rent today is approximately 1750, it was about 175 in 1976. So if inflation continues at the same rate, in 50 years rent will be about 17.5k a month.
So I guess they’re prepping for that hyper-inflation now. Can’t wait for a cup of coffee to cost $75 and a month’s rent to be $20,000. But hey, look on the bright side, I’m sure the stock market will look amazing breaking through all those all time records.
Speaking of, that would be an interesting exercise. They always talk about how various funds and stocks are up or down some percent over the previous day/week/year or whatever. It would be interesting to see that same data but adjusted for inflation. Like is the dow jones up 2% from last year or is it really down 0.5% due to inflation?
Average rent today is approximately 1750, it was about 175 in 1976. So if inflation continues at the same rate, in 50 years rent will be about 17.5k a month.
But the minimum wage will of course remain unchanged.