Originally posted by Sparko
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That's why, when comparing across time, you see 'adjusted for inflation'. Basically.
Honestly I'm a bit surprised about your response. You're saying you shouldn't accumulated the inflation rates?
The truth is, that inflation has been rising at a pretty low and steady rate, usually around 4%.
Wages have been going up around the same rate. We can generally afford the same things today as we did 20 and 30 years ago.
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