Via lovecraft on X:
"For those who haven't figured out the value of money yet:
$100,000 now =
$70,000 in 2010
$56,000 in 2000
$43,000 in 1990
$27,000 in 1980
Your intuitions about how much money is worth are wrong. 100k a year is a bad wage in 2024"
Holy crap so then 24K a year is like 2k I'm screwed
Didn't do the math but surprised that it isn't actually less than 70k in 2010 money considering inflation in the last 15 years.
exactly, US printed more in the last 15yrz then previous times
Because the economy is growing and need liquidity :)