Re:Public Comment on Inflation Measurement
by mikeyouse on Wednesday September 08, 2021 @07:07PM
(#28464173)
Yep - there are certainly some bubbles of costs that have increased substantially, but think about the tech in your pocket (1995 was the era of $500/GB hard drives - https://external-preview.redd.it/-ArYBjQcq6Go7QbkY5-Os9FFOtZ... and terrible $5,000 Gateway laptops) or the car in your driveway.
A new Civic costs something like 80% more than a 1995 one and is a remarkably nicer car. Gas prices are up something like 200% since then (but basically unchanged since the mid 2000s), but cars are far more fuel efficient so even that impact is blunted.. groceries, appliances, furniture, restaurants, entertainment...
Re:Public Comment on Inflation Measurement
by loeg on Wednesday September 08, 2021 @08:40PM
(#28464842)
Yeah, I guess healthcare is the other major one that's increased in cost. Although I'm not sure that's at literally 500% from 1995 either.
Re:Public Comment on Inflation Measurement
by symlinkk on Wednesday September 08, 2021 @07:36PM
(#28464370)
Yeah, the vast majority of millennials and later generations can’t afford a place of their own and are destined to be rent slaves for years, but think about the amount of Tik Tok videos you have in your pocket!
Reflexively, I thought of housing (Seattle area), but apparently that has only increased by 270% since 1995.[1]
[1]: https://fred.stlouisfed.org/series/ATNHPIUS42644Q