> Eventually, possibly within my lifetime, a Big Mac meal is going to cost $50.
replyIs the problem the number or the concept?
Your salary should also go up so the only thing affected is the cash you hold. Would it be better if the currency would be version-bumped every 10 years and rescaled to remove the inflation?
Salary should go up, you say… how well is that holding true?
replyIn the US wages have outpaced inflation. Obviously that's an aggregate measure so it's not true for everyone.
replyThat last comment was more of a reflection on how old I’m getting. I did a poor job of conveying that.
replyI am curious if I’ll live long enough to see the United States issue higher denomination bank notes again.
What if you are too old and cannot work?
replyPensions and social security are indexed to inflation. 401ks should beat or match inflation.
replyPensions in Finland are not "indexed to inflation" in the sense that you mean. Our pensions are wildly underfunded and people of working age generally expect to get back LESS than the NOMINAL VALUE of what they've paid towards their pensions during their working life (*when we count "employer contribution" into "employee contribution", which is what it is in reality).
replyInvestments outpace inflation even more than wages (r>g).
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