this post was submitted on 04 May 2025
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Why are TV's listed as "100% cheaper"? I'm a little confused about that number.
Looking up the source, they state: "At the turn of the century, a flat screen TV would cost around 17% of the median income of the time ($42,148). In the early aughts though, prices began to fall quickly. Today, a new TV will cost less than 1% of the U.S. median income ($54,132)."
So a Flat screen TV used to cost around $7165, and does now cost around $541, which is about 7.5% of the original value. That means a deflation by 92.5%.