- This topic has 9 replies, 1 voice, and was last updated 1 month, 3 weeks ago by Setyman.
- Wednesday, October 5th, 2022 at 15:13 #387438crua9Participant
adjusting for inflation 1938 to today it’s $1 to $21.01
So with that in mind
|Tuition to Harvard|$8,824.20/y|
|Sugar|$12.39 for 10 LB|
|Milk|$10.50 per gallon|
|Coffee|$8.20 per LB|
|Bacon|$6.73 per LB|
|Eggs|$3.79 per dozen|
Prices in 2022
|Average New House|$428,700|
|US Postage Stamp|60¢|
My point is people can’t afford no where near as much. The cost of everything has increased, and things not factored in this chart the ratio of jobs out there vs working people has gotten worse. Today in the USA alone there is roughly 3x unemployed people vs job openings at any given time. Like you can fill all the openings, and still would have a ton unemployed. And the bulk of them isn’t collecting unemployment currently.
The fact is, people are hurting. They aren’t here for the tech. They are here to make money.Wednesday, October 5th, 2022 at 15:13 #387439RepulsiveCan5270
These stats, while extremely interesting and clearly showing why people are struggling, don’t really explain the point of the title which is human natureWednesday, October 5th, 2022 at 15:13 #387440Ferdo306
Where can one buy those Harvard tuitions?
Seems like they have performed spectacularWednesday, October 5th, 2022 at 15:13 #387441Beyonderr
Im not convinced the cost of living explains this, although with this inflation i am sure that some people invested more than they could lose and had to sell to cover bills.
I think its more a psycholigical issue (see Wallstreet Cheat Sheet) because the markets heavily play on your emotions. This would happen regardless of the cost of living. Its exacerbated in crypto because its a risk on asset and so new.Wednesday, October 5th, 2022 at 15:13 #387442superduperdude92
I’m here for the tech… the tech that’s going to help make me moneyWednesday, October 5th, 2022 at 15:13 #387443MaeronTargaryen
Not sure if the correlation between those prices and how people treat crypto is the right one. It’s more about people’s psychology really.
In the end it’s just sad to see those prices, the new generations have been fucked overWednesday, October 5th, 2022 at 15:13 #387444Coreyv1993
Very informative post. A real eye opener. Sooner or later we will own nothing and be told how good we have it.Wednesday, October 5th, 2022 at 15:13 #387445Roberto9410
Well, the only thing that’s stayed constant controlling for inflation is postage stamps. It’s crazy and wages really haven’t kept up at allWednesday, October 5th, 2022 at 15:13 #387446ETHWarrior0
This means working class people loosing their share of economy to rich year by year. Most of barely afford having kids and medical expenses now days forgot about buying House.Wednesday, October 5th, 2022 at 15:13 #387447Setyman
>If you are wondering why so many jump on crypto when it skyrockets, but jump off when it starts to go down.
Fomo and Fear. As simple as that.
- You must be logged in to reply to this topic.
Related Forum Topics:
- → Wondering what to do? With how bad things looks like it’s getting with the economy, I’m wondering if I should cash out what crypto I got into stables, and see what happens?
- → A pivot starts with a pause. A pause starts with a scaling down or moderation of policy. If you wait for the Fed to announce something in a press release, you’re probably too late. GLTA!!!
- → Terra LUNA News: USTC Prices Skyrockets By 50%; Here’s Why