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[–] 30 points 2 months ago (3 children)

A single income family with two kids could afford a house in 1982. Adjusting for inflation doesn't mean shit if you don't factor in actual buying power.

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  • [–] 6 points 2 months ago

    This is exactly the point people miss.

    A single income family was doing an annual family vacation, buying a house, and owning a car or two.

    We’ve moved to the average family being dual income to support kids and little to no family vacations.

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  • [–] 3 points 2 months ago* (1 child)

    Adjusting for inflation is adjusting for buying power.

    Inflation is the loss of buying power per unit of currency

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