Inflation Trivia: How Much Have Prices Increased Since 1984?
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- čas přidán 5. 09. 2024
- Join Matt Franchina, co-founder and policy engineer, as he quizzes the public in Newport Beach about the impact of inflation over the past 40 years. From the cost of a Ford F-150 to Disneyland tickets, we explore how much prices have increased since 1984.
In this video, you'll discover:
How prices for everyday items like milk, movie tickets, and jeans have changed.
The surprising differences in housing and rental costs.
A look at the economic trends that have shaped today's prices.
[00:00:51] - Ford F-150 Price Comparison
[00:01:29] - Movie Ticket Prices
[00:01:56] - Disneyland Ticket Prices
[00:02:20] - Gallon of Milk Prices
[00:03:05] - Denim Jeans Prices
[00:03:07] - Postage Stamp Prices
[00:03:31] - Rental Apartment Costs
[00:03:59] - Personal Computer Prices
[00:05:35] - Median Home Prices in Southern California
Don't miss our upcoming webinar, Beyond the Horizon, where we'll help you plan for inflation's future impact on your finances.
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No one wants to see the same questions asked to different randos.
Write different questions for each set of contestants.
This would only work the way it is designed if the contestants were all known by the viewers.
Appreciate the feedback! We will definitely do that next time👍🏽
Milk was 69 cents a gallon in Muncie Indiana right before Covid pandemic. Several grocery stores were in fierce competition for months after Aldi rebuilt and Fresh Thyme moved into town along with Kroger buying up two existing stores. Add Walmart and Meijer and we got good deals for awhile. Eggs were 39¢ a dozen.
Not anymore. Things went back up during Covid and really went up after Covid stimulus. How many people would give Thier stimulus checks back if prices were back to pre Covid levels?
@@googleuser868 That's a good question. I wonder how many would trade their check for a price rewind. Hindsight is always 20/20.
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Inflation is so high that movie theater popcorn finally feels pretty cheap to buy
Make sure you get the free refill, and then you're getting a twofer!
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Actually the computer was not the only deflated prices. The way inflation is calculated is wrong by STATS. To properly calculate inflation one must also compare minimum wage and wage segments by type of work and the products that certain classes of people buy that other people can not.
Example in 1984 milk at $1.94 and today at $4.00 but the reality is that wages today are more than double what they were back in 1984 thus the price of milk has gone down in relation to earnings. Just the opposite of where real inflation is when you compare Rental rates as well as the cost of vehicles as they rose faster than wages during the forty years.
wages have been almost stagnant for the last 30 years. most people barely got a 1% /year raise ffs.
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@@NogrimStoneson Check out our follow up video here! czcams.com/video/VHAJblfG2qA/video.html&ab_channel=PolicyEngineer