Quote:
Originally Posted by Bill14564
How can you not see that we are NOT/NOT at a high level of inflation?! You yourself stated inflation is running at 2.4% now (though you conveniently neglected to mention 2.5% in 2024).
And no, nothing you presented spoke to people’s income and standard of living. Income has gone up, standard of living is more difficult to capture.
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Value of $1 from 2020 to 2025
$1 in 2020 is equivalent in purchasing power to about $1.24 today, an increase of $0.24 over 5 years.
The dollar had an average inflation rate of 4.32% per year between 2020 and today, producing a cumulative price increase of 23.56%.
I don't see how people are living in an area where they don't see this increase. You're just one of the lucky ones I guess.