Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by zeroonetwothree on Sunday April 14, 2024 @12:48AM
(#40028745)
What specifically has declined? When I compare life that my grandparents had to now it is absurdly better in every way.
Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by tsimionescu on Sunday April 14, 2024 @01:23AM
(#40028857)
Community/social life has greatly declined for almost everyone. Home appliances are fancier today, but they are far less reliable. Furniture is much worse in almost every way (e.g. my grandma sleeps today on the same bed and spring mattress that her parents-in-law bought, some 60-70 years ago, and it is still extremely comfortable). Clothes are far less durable as well. Fruits and vegetables are typically worse in taste. Education is extraordinarily more expensive. Job security is much worse.
Home entertainment has more options, we spend more time at the TV and computer.
Other aspects of life have declined.
It's challenging because there are qualitative and aesthetic aspects to the process, so it takes some discussion to come up with a good understanding.
Regardless CPI is misleading. The amount of time spent working over a lifetime to support the family and cover taxes has grown significantly, at a higher rate than CPI suggests.