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A comment on The wealthy parents of "self made" billionaires. Parent comment

Re:The wealthy parents of "self made" billionaires by icosa on Monday October 30, 2023 @07:35PM (#38077496)
As a reference, $245,573 in 1995 is like $495,962 in 2023.
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Re:The wealthy parents of "self made" billionaires by amin on Monday October 30, 2023 @08:05PM (#38077831)
And $245,573 in the S&P 500 in 1995 would be worth over $2.2 million today.

This is because asset price inflation has grown at much higher rates that consumer prices (CPI).

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