I am aware of inflation. I did not intentionally imply anything about CPI. I was referring to the old generations attitude of "make it do or do without" compared to the current attitude of "just charge it on the card".
Both are straw men that represent the extremity of a population.
There's a bit of rose-tinted glasses going on here, isn't there? I don't particular buy into this notion that the previous generation was oh so virtuous, while this one is just daft as a brick.
Well they existed before the concept of easy credit, so it's not really a matter of them being more self disciplined--just sort of the way things were. For most people, you saved up and paid cash for everything b/c that was the only option.
There's a bit of rose-tinted glasses going on here, isn't there? I don't particular buy into this notion that the previous generation was oh so virtuous, while this one is just daft as a brick.