Talk of The Villages Florida - View Single Post - Hold on to your wallet
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Old 12-09-2021, 12:35 PM
DAVES DAVES is offline
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Quote:
Originally Posted by Michael G. View Post
The other day my sone the banker said: Prices double every 20 years.
It is actually worse than that. The CPI consumer price index is currently 6.2% The latest number is supposed to be out Friday-tomorrow, and it is expected to be 7%. At 7% prices will double roughly every 11 years and we pay that with after tax dollars.

Personally, as kid my allowance was a quarter. I could buy a slice of pizza at fifteen cents and a small coke at a dime. Our previous home, we lived in it for 40 years and we sold it for 6x what we paid for it. It made me look and wonder. Everything else had gone up as much except for items based on computer chips which are getting cheaper and more powerful