A kind word from gold tutor and I don't even owe her money. Hmmm, must be a full moon. Let me take my temperature, no I am not sick. Tutor, who is your doctor? Maybe you had better get some rest and take it easy for a while. You could be slipping.
Well the stats came from searching google for CPI inflation index and historical gold price, and historical oil price. I had to enter all the years for the CPI one by one.
There are three classic ways to figure inflation. In my opinion they are very misleading. In fact if you take a surviving salary today to 1948 and factor durability of goods, house prices, autos, taxes, energy prices, food prices, and percentage of each eaten from a salary, you get an index value far more than indicated by the CPI. CPI does not factor how much of each thing is bought by the worker.
Here is my guess since 1948.
Housing 20 times
Energy 15 times
Clothing 15 times (durability factored)
Food 8 to 10 times
Autos 20 times
Taxes 100% on the dollar i.e we pay twice the taxes
including sales tax, and property tax
The inflation index is supposed to be 13.6 since then but I think when you conside two must work to afford a family now, it has to be closer to 15 or 18.
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