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by mitthrowaway2
57 days ago
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Looking at an inflation calculator, the average rate since 1980 has been 3.06% over 46 years. Compounded, 1.0306^46 = 4.0. So, adjusting for inflation, a single income family in 1980 would be equivalent to a four-income family today. Since millennials currently get by with just two incomes, they actually come out way ahead when adjusted for inflation. |
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