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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Mike Johnston who wrote (50981)	1/23/2006 3:51:56 PM
From: GraceZ	Read Replies (2) \| Respond to of 110194

I guess you might be ok, since you pay the same prices for goods and services that you paid 10 years ago. If I compute prices based on a percentage of income basis, I spend less on the same basket of goods than I did 10 years ago. Our household income in the last ten years has simply kept up with the CPI computed inflation, whereas the previous 10 years it raced ahead of it. My household budget has lagged CPI inflation by about 1% per year so we are slightly ahead before I count capital gains on our various investments. I've been keeping household budget records for 20 years or so, I compute it every year. I can pull out grocery receipts for the last 20 years. What is glaringly obvious when I pull out the box from say 10 or 15 years ago, is how much less paper is in it, fewer bills and fewer receipts. We've done what most have done, we've increased the number of services and goods we consume year after year, as we've become wealthier.