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Shows how out of control inflation is
(lemmy.world)
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this post was submitted on 28 Dec 2023
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This is something I've been saying for years. People use Inflation Adjustments that show that, say $1 million in 1970 is $10 million today But the reality is that $1 million in 1960 was a vast fortune that would purchase a Manhattan townhouse, a few super cars, and a dozen small businesses. $10 million today will buy you a decent life, but not staggering wealth.