Our Broken Economy, in One Simple Chart

Re:Our Broken Economy, in One Simple Chart by msluyter on Tuesday August 08, 2017 @01:03PM (#14959864)

Except that inflation was worse in the 70s-80s when the lower/middle classes were apparently reaping greater income gains vs the subsequent decades, when they weren't:

https://inflationdata.com/Inflation/Inflation/DecadeInflatio...

(Note that the graph on the parent article is inflation adjusted. "Note: Inflation-adjusted annual average growth using income after taxes, transfers and non-cash benefits.")

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Re:Our Broken Economy, in One Simple Chart by chiph on Tuesday August 08, 2017 @02:39PM (#14961081)

I recall Dad getting phone calls from his mortgage company back in the 70's. They had bought their house in the 60's and had a rate around 3.5% and the caller wanted him to refinance. "What's the rate?" "Its a low-low 17%!" "No thank you."

The idea of a 17% mortgage is frightening.

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Re:Our Broken Economy, in One Simple Chart by candiodari on Wednesday August 09, 2017 @01:47PM (#14971747)

And yet, buying a house back then at 17% mortgage would probably have been the best investment decision of your life.

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Re:Our Broken Economy, in One Simple Chart by timerol on Tuesday August 08, 2017 @02:12PM (#14960761)

To add some more specific data to my parent, from http://www.usinflationcalculator.com/:

Inflation from 1946-1980 (34 year period): 322.6% Inflation from 1983-2017 (34 year period): 145.9%

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Re:Our Broken Economy, in One Simple Chart by runT1ME on Tuesday August 08, 2017 @02:06PM (#14960683)

Don't confuse CPI with inflation.

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