Your personal purchasing power could be very different than the CPI. Also I think people put more importance on the basics like food and housing, those are surely 100% more expensive than 13 years ago. And with that going up you don’t really care that you can afford more t-shirts. But t-shirts are bringing down the CPI.
So yeah: lies, damn lies and statistics.
P.S. also fun at parties
Surely there is a standardized economic metric for consumer purchasing power strictly for necessities as well. I assume this, because economists throw the best parties.
Meme aside, is this based on inflation? Some sort of global market?
If it’s inflation it’s not accurate. 100 2026 dollars is equivalent to 70 2013 dollars (not $50).
Just trying to fact check the math. I’m fun at parties.
Your personal purchasing power could be very different than the CPI. Also I think people put more importance on the basics like food and housing, those are surely 100% more expensive than 13 years ago. And with that going up you don’t really care that you can afford more t-shirts. But t-shirts are bringing down the CPI.
So yeah: lies, damn lies and statistics. P.S. also fun at parties
Surely there is a standardized economic metric for consumer purchasing power strictly for necessities as well. I assume this, because economists throw the best parties.
“Erm, buddy, you know that’s not how they actually make milkshakes” type energy bud
Meme aside, is this based on shaking a cow? Some sort of bovine agitator?
If it’s shaking a cow it’s not accurate. Shaking a cow produces only 120ml of foamy milk (not 750ml).
Just trying to fact check the math. I’m fun at parties.
I think if you include cost of living and cost of purchasing property, the US dollar is easily 50% less effective now than in 2013.
April 2013 one BTC was 90 dollars, so it’s actually down a lot more than 50%