I checked an inflation calculator and the prices are still 2x higher. New house for Jim would have been 200k with today’s money, not 400k like it currently is. New car is the same, 20k in today’s money, not the 50k we see there (I have an issue with that one. My new hybrid was 21,000 5 years ago)
Old Jim made the equivalent of $72,000 in todays money…
Is Jim’s finances adjusted for inflation?
I checked an inflation calculator and the prices are still 2x higher. New house for Jim would have been 200k with today’s money, not 400k like it currently is. New car is the same, 20k in today’s money, not the 50k we see there (I have an issue with that one. My new hybrid was 21,000 5 years ago)
Old Jim made the equivalent of $72,000 in todays money…
https://www.usinflationcalculator.com/