Wednesday, April 9, 2014

SHRINKAGE


Though this is hardly new it's nice to see that others are finally catching on. Someone blogged recently that $120,000 today is not that high of a living standard; in fact, it's pretty average. In the 1980s that same $120,000 income put one near the top 1%.

In case you don't recognize it, that's inflation. And here's another example, Shrinkflation.

http://www.cnbc.com/id/101526290

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