Nothing else to do today, so wandering around the internet for stuff that has to do with money... found two unrelated items that are confusing to me.
Has to do with inflation and the dollar bill. Looking at the past ten years, it looks like inflation has gone up nearly 10%, while during the same period the United States Debt has gone up about 100% to $231 trillion..
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per Zinger1457... the "3" snuck in there... s/b 21Trillion
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The per-taxpayer part of that US debt has gone from $94K to $174k.
Average income has gone up approximately 25% over the same period
Yes... of course the numbers aren't comparable, but food for thought. Debt to GDP has to be important ... 2008 74%, 2018 105%.
I don't hear these kind of comparisons, so apparently it's not a major concern, but I wonder how those with a 30 year retirement horizon view these numbers.
Other than the fact that we're all in the same boat, is there a simple explanation why the numbers never seem to make the news? Just wonderin'.
Has to do with inflation and the dollar bill. Looking at the past ten years, it looks like inflation has gone up nearly 10%, while during the same period the United States Debt has gone up about 100% to $231 trillion..
.......................................
edit
per Zinger1457... the "3" snuck in there... s/b 21Trillion
.......................................
The per-taxpayer part of that US debt has gone from $94K to $174k.
Average income has gone up approximately 25% over the same period
Yes... of course the numbers aren't comparable, but food for thought. Debt to GDP has to be important ... 2008 74%, 2018 105%.
I don't hear these kind of comparisons, so apparently it's not a major concern, but I wonder how those with a 30 year retirement horizon view these numbers.
Other than the fact that we're all in the same boat, is there a simple explanation why the numbers never seem to make the news? Just wonderin'.
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