Inflation calculator

Feb 02, 2023 Last reply: 3 years ago 79 Replies

My mother paid 20,000 for this house in suburban Indianpolis in 1957:

Now: 2 beds and den, 2 baths, 1718 sq. ft. house sold for $189000 on Jun 18, 2012. current estimate $312,510.00 15x in 65 years.

She sold our old house for about 20,000 in western Pa. in 1957 Now, 3 bd 1 ba 1,568 sqft current estimate $116,400 Almost 6x in 65yrs

But the second one is in a town whose population has gone from 50,000 to

22,000. While Indianapolis is growing and doing well.

It has forced air but no AC yet either, although later owners put AC in the first one.

But eventually they stop making it smaller and they make it bigger again at a higher price. And different products do this at different times, so I think it averages out. Shinkflation exists in isolated form, but I don't think it's an added factor above inflation.

Check for mice.

Sorry to hear that. I freely acknowledge that I'm fortunate to receive a pension (retired military) that is adjusted for inflation. As with the social security COLA, the adjustment falls short of fully compensating for inflation, but it's a lot more than no adjustment. The

2023 COLA is 8.7%.

Two ways to accumulate wealth: don't have kids or divorces.

I have noticed the price stability with inflation of electronics and cars all manufactured in factories. The huge price increases have been where individuals are involved in delivering the services in education and medicine. I just calculated the cost of schools I went too and the increase in tuition varied from 50 to 185X. TV this am talking about a woman whose lip was torn off by a dog and several surgeries were required for repair and the first one cost $400,000.

I don't get the college thing. People are complaining about the cost and want government bailouts, but I don't see screaming for lower tuition. Why has the cost gone up so much? Sure, eggs go up because of disease and food cost, but many of the schools are still using the same old buildings. Where is the money going?

In the US we spend far more per capita for healthcare and results not as good as some other countries. There are several reasons things that may factor into higher health care costs in the U.S., from high drug costs to extensive administrative fees. The fact remains that The United States spends at least 40% more on health care per person than any other country in the world.

The top 10 countries with the highest health care costs are:

The United States - $12,318 Germany- $7,383 Switzerland - $7,179 Norway - $7,065 Austria - $6,693 Denmark - $6,384 Sweden - $6,262 Netherlands - $6,190 Canada - $5,905 Ireland - $5,836

Some would blame student loans causing market distortions, among other things.

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Many schools are not using the same old buildings. A few local headlines:

Price tag now $141M for new University of Michigan College of Pharmacy Here are the $1.5B in construction projects underway at University of Michigan University of Michigan Spending $2.5 Billion to Grow

That last one was in 2008, so the $1.5B is not included there.

And then there's payroll:

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The internal packs are all sealed up. Mice would have to be at the factory and only eate whole crackers.

I can see a problem there. Sure, they should get a decent wage put what did those same positions pay 30 years ago? I bet adjusted it was not

400k for many of them.

And that is because the insurance system costs a lot more than a single payer system, both because of the cost of deciding what will be paid for, the cost of advertising for customers and the immense cost of bribing Congress to continue with the insurance system.

Not clear where you are getting those numbers from.

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Switzerland second and both the USA and switzerland have insance systems.

Three of the top six are in the football program including two assistant coaches. What a waste.

The average salary isn't particularly out of line with the rest of the nation, however.

A half dozen coaches (even one for women's softball) make more than any professor. That's just f***ed up.

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"The highest paid college president, Shirley Ann Jackson of Rensselaer Polytechnic Institute, took home a base salary of $945,000 plus another $276,474 in bonuses, $31,874 in nontaxable benefits, and $5.8 million in deferred compensation, for a stunning $7.1 million in total. That works out to more than $1,000 per student at her school. And where does her school fall in our value rankings? A good but not spectacular 147."

They finally got rid of Jackson and now have a white male president. Maybe he can dig it out of the hole. When I went there it was ranked with MIT at the head of the list, not down with Jim Bob's College of the Ozarks.

The tuition is now $60,051. It was around $2000 in '67, equivalent to $18,042.37 now. But back then the RPI Players and the Outing Club had to share a frame building left over from WWII and musical events were held in the adjacent Armory that was built during WWI.

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I saw Dylan there in '65. Seating was on the floor.

It's the illegals at the factory trying to eke out their meager lunches. Be compassionate.

When I was about 14, my friend's older brother had a Falcon, somewhere around a '62 to '64 model, and one day we took it, always without permission, to see how fast it could go. My friend was driving, which in hindsight was a mistake, but after about 6 miles of level road the speedo indicated 100mph. Thankfully, he backed out of it then. The steering wheel had a tremendous amount of play and the suspension was horrible.

I saw a tip on youtube, (so you know it's true haha), that said to put strawberries in salt water for a period of time to see if they have worms. In the video, many small worms exited the strawberries to try to escape the salt.

So when my wife bought those little boxes of raisins and stashed them in the pantry, we promptly forgot about them. When they were rediscovered, they were full of small worms so I dumped the raisins into a bowl of salt water. When I came back, the raisins were at the bottom of the bowl and dozens of worms were floating.

I suppose the same could be done to check for mice, but graham crackers might not survive the salt water.

I have a 2016 Kia Sorento with a power sunroof. We rarely open it, and when we do, we pretty quickly close it again. The wind noise isn't so nice, and like you said, AC is just better.

My wife and I frequently use our cell phones to talk to each other when we're both in the house. It's easier than walking to see each other, especially when it's just a quick question.

With college it is a matter of supply and demand and availability of loans for tuition. Most did not go to college in my day and now most do. As more and more college loan money became available the colleges just raised tuition costs and grabbed it. The worst thing to happen was government taking over the loans. Now we have stopped interest because of the epidemic and to buy votes the administration is pushing a $10,000 forgiveness of loans. Colleges will take advantage and just increase tuition.

Colleges spend the money lavishly increasing salaries and purchasing the best facilities. When I started working I thought about teaching in college and knew if I did I would make less money then working in industry. Now I would probably make more.

The big money in college goes to football coaches:

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Not sure what it is like with all single payers but I just read an article of the strain on the UK today. Focus was on a guy suffering a heart attack because he had to wait a long time to get a triple bypass. I have heard of people having to spend months in wheel chairs before being able to get a hip or knee replacement.

I was surprised a few years ago when a colleague in the UK quit the company I consulted for and was told he would lose his company health insurance. This insurance was given so that holders could get priority treatment just like it costs more to get into the front of the line at Disney World. Maybe a doctor would take his vacation days working on these patients to earn more.

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