YoursTruly
Platinum Member
- Dec 21, 2019
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Maybe this will help he Trump supporters understand why it's important to NOT support someone who's spent $8 trillion in just 4 years and increased the debt ceiling twice. Plus suspended it for 2 full years.
13.31% since Biden.
28% since Trump. In the 4 years of 12.9% during Trump
11.47% during Obama.
This means that today's prices are 3.73 times as high as average prices since 1980, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 26.810% of what it could buy back then.
The inflation rate in 1980 was 13.50%. The current inflation rate compared to last year is now 3.67%. If this number holds, $1 today will be equivalent in buying power to $1.04 next year. The current inflation rate page gives more detail on the latest inflation rates.
13.31% since Biden.
28% since Trump. In the 4 years of 12.9% during Trump
11.47% during Obama.
$1 in 1980 is worth $3.73 today
$1 in 1980 is equivalent in purchasing power to about $3.73 today, an increase of $2.73 over 43 years. The dollar had an average inflation rate of 3.11% per year between 1980 and today, producing a cumulative price increase of 272.60%.This means that today's prices are 3.73 times as high as average prices since 1980, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 26.810% of what it could buy back then.
The inflation rate in 1980 was 13.50%. The current inflation rate compared to last year is now 3.67%. If this number holds, $1 today will be equivalent in buying power to $1.04 next year. The current inflation rate page gives more detail on the latest inflation rates.