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The Grabber

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The Grabber

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Re: OldAIMGuy post# 46983

Thursday, 03/07/2024 5:48:53 PM

Thursday, March 07, 2024 5:48:53 PM

Post# of 47146
RE: Inflation at 4
Half your Purchasing Power
Gone in 18 years

Compound inflation 2006-2024 = 53.0%

https://www.usinflationcalculator.com/

Another more sobering example:
In 1976 I purchased my first new car; Chrysler Cordoba for $5,400
Cumulative rate of inflation since then: 442.0%
That same car today should cost: $29,269.80
Maybe I got a deal! 😉

Best Regards, Steve (The Grabber)

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