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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="RonJohn" data-source="post: 799389" data-attributes="member: 2426"><p>Which tells me that 10% inflation is not accurate. I know for certain that my living costs are not 8 times what they were in 2000. Gasoline costs vary wildly, but are 2.5 - 3 times the cost in 2000. Electricity costs are probably 1.5 times what they were in 2000. Average milk price is 21.5% higher than it was in 2000. Going off of an inflation rate of 10%, a person who made $70,000 in 2000 would need to make $560,000 in 2021 to maintain the exact same lifestyle. That is not accurate. Not by a long shot.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 799389, member: 2426"] Which tells me that 10% inflation is not accurate. I know for certain that my living costs are not 8 times what they were in 2000. Gasoline costs vary wildly, but are 2.5 - 3 times the cost in 2000. Electricity costs are probably 1.5 times what they were in 2000. Average milk price is 21.5% higher than it was in 2000. Going off of an inflation rate of 10%, a person who made $70,000 in 2000 would need to make $560,000 in 2021 to maintain the exact same lifestyle. That is not accurate. Not by a long shot. [/QUOTE]
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