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re: The DowJones Industrial Average AND the S&P500 Index both closed at record highs today
Posted on 1/20/24 at 2:50 am to slackster
Posted on 1/20/24 at 2:50 am to slackster
quote:
you can buy a 55” 4K Smart TV for $280
TVs are unique in that they continually cost less over time. And that’s including new technology. Most goods are not like that. A dozen eggs costs far more now than it did in 2019.
Already outdated due to massive inflation. But my point - TVs are the worst example here
1
Posted on 1/20/24 at 8:58 am to Upperdecker
quote:
Already outdated due to massive inflation. But my point - TVs are the worst example here
My point is that CPI is made up of a lot of things. The fact that your grocery bill is up 30% over the last 3 years doesn’t mean that everything is up 30%, but that’s really difficult for some to understand around here.
And like I continue to say, people just completely ignore their net worth growth and their actual income growth over the same time frame.
This post was edited on 1/20/24 at 8:59 am
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