“We’re seeing negative cash flows in the lower-income brackets where they’re dipping into savings.”
  • NotMyOldRedditName@lemmy.world
    4·
    22 天前

    This is the important part to anchor the statement.

    Its meaningless to say $11.74 then and $100 now without some reference to what it takes to earn that same $11.74 and $100.

    edit: unless you’ve just been hoarding all your wealth as cash since 1970, in which case you got fucked.