Prices have inflated so much over the past 10 years that a $20 bill buys as much as $5 did back then.
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I use 1930 as the base year. So the $20 USD bill is actually the new $1 bill.
I want five dollar coins
I still dream about 5 for 5.95 Arby’s roast beefs
If it’s Arby’s I’m assuming it’s a nightmare?
Nah, it’s processed, but not bad. I like it.
Tastes so good, or at least it did years ago.
When I was in SC, if the gamecocks won, they had a deal 5 roast beef and cheddars for $5. Bet your ass I took advantage of that.
Yeah except that’s not even close to true. $5 in December 2015 is worth $6.85 in December 2025 (the most recent data available).
https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=5&year1=201512&year2=202512
That’s just as wrong as OP. You need to use the Subway metric.
Five Dollar Footlongs ended a decade ago. Now they’re 11-17$.
Now they advertise $5 shorties and the millennial in me has to do a doubletake of incredulity
Relative to what? Gold? British Pounds? Crude oil?
All measures of value are relative; they only mean anything based on their value relative to other things.
Commodity prices might drop significantly when an economy crashes and there’s low demand (look at the price of soybeans in 2025), but consumer prices either stay the same or continue to rise (didn’t see your grocery bill shrink when commodity prices dropped, did you?)
Economists might measure the value of the USD against high-level metrics such as commodities and precious metals, but what matters to the average person is the value of the USD relative to consumer prices.
Maybe technically the USD only increased in value by $1.85 in ten years, but if the cost of bread or toilet paper or a meal at a restaurant doubled or quadrupled in that time, then really the value of the dollar dropped significantly as far as the consumer is concerned.
The cost of bread, toilet paper, and restaurant meals for the average American may have increased significantly more than $5 -> $6.85, but I promise it hasn’t literally quadrupled. Things are unacceptably bad but this isn’t Turkey yet. Do you have any indication that for the average American the average purchased good has quadrupled in ten years? The responses here are almost as unhinged as the takes over in MAGA world. This is insane.
I’ll allow OP a little bit of hyperbole to get their point across; this is an internet forum, after all, not a peer-reviewed journal…
It’s not a little bit of hyperbole, I literally linked to a calculator that uses the Consumer Price Index. OP’s claim isn’t even vaguely in the realm of the actual consumer price increase.
Looks like you have to go back to 1979 for it to be true
So they were off by a factor of 2.35 (47 years is 2.35x 20 years)
subway footlongs are indeed $20 on the high end in major metro areas.
Also, make sure to bring your tape measure, shrinkflation is all too real…
Subway argued in court that “Footlong” is a trademarked brand, and does not mean it’s 12 inches. Then they argued that the average consumer would KNOW this, and not be confused by these terms.
Footlong is a subway branded term for their bigger sub. Foot long is a generic term that means one foot long.
Yes, that’s real. I’m not joking. They legitimately did this. Just like Fox News argued in court that their station is NOT a news network. It is an entertainment network, presenting purely opinion based stories. As such, they have ZERO obligation for their stories to contain even a shred of truth or fact to their stories. And “Fox News” is a branded term, not relating to, or presenting factual news reports.
On a related note, would anyone like to buy “Bigger Penis Pills”? I mean, it’s just condensed sugar in tablet form. But I’ve branded it as “Bigger Penis Pills”, and selling it for $100 per pill.
Didnt fox news have to change their name to fox entertainment?
Fox News Entertainment I thought
A group of business and law school people got paid to peddle that bullshit.
It’s part of how our own money is used against us.
Okay, Subway trademarked the footlong, then they cut it in half if you order a 6 inch…
Did they fucking trademark the size of an inch too?
No. That was one of the things being sued over.
Good, fuck Subway, and that’s even considering I used to work for them, in security camera maintenance, before this whole AI/enshittification era though…
In Finland there’s a product called “Meter pizza” that’s about 60 cm long, but then there’s also a “centimeter pizza” that’s way longer than a centimeter.
What the fuck.
Becoming dependent on fiat currency was one of the dumbest things the boomer generation did to us.
They really loved giving as much power as possible to as few people as possible, for some reason.
Exactly.
I carry two pounds of gold nuggets in my ass. For emergencies.
fiat currency
You got that from a sovereign citizen weirdo, didn’t ya?
I don’t think it was as direct of a choice as it was a slow sinking into inevitability.
And did any boomer really have a choice for Nixon to NOT close the gold window?
Gasoline price is about the same and the price of noodles hasn’t gone up much. But the price of rent and weed has skyrocketed, so…
🤷
Weed still costs the same as 20 years ago here in Copenhagen, but the food prices have doubled.
New plan. Cars that run on noodles!
Wait, gas prices didn’t go up. That makes no sense…
Ok. Houses made out of noodles, and we’ll all smoke gasoline!
The cost of producing gas definitely went up. It’s just subsidized more from everyone’s taxes.
I think we already all smoke gasoline anyways, it’s called exhaust… ☹️
Legal weed is one of the biggest scams on the planet, along with rent.
Ah yes, people no longer going to jail over a flower to be exploited for slave labor and lose all future job prospects is such a scam 🤷♀️
It’s not that its legal; it’s the legal market.
Everyone buying their weed legally is getting scammed to high-heaven.
Everyone who lives under capitalism is getting scammed to high heaven, I don’t know why we should limit that statement to encompass only one market…
Depends on where you live. I can get an ounce of weed, 28g for you people with better measurement systems, for $22-50 and I have a large variety of strains to choose from.
If your ounce weighs 28g, you got shorted 2g…
I guess for that price it doesn’t really matter, but it’s about the principle!
Thanks homie, but I had to spend my lunch money on tires and rent. At least beer and cigars are still cheaper than a bottle of water here, so… 🤷
and the price of noodles hasn’t gone up much
From 8.3 cents per package to 33.3 per seems like a jump that qualifies as “much”. And if you get it on scamazon it’s 62.9 cents per.
This is based off the cost of a 24 pack of Maruchan chicken ramen packets.
I did some research and it looks like the price of maruchan scales exactly with inflation.
I won’t lie, I haven’t really kept up too much with the price of noodles over the past decades, but I loosely recall them going for somewhere around 18 cents a pack back around 10 years ago.
Yeah, even those numbers don’t sound wallet happy, but hey, at least we don’t have to worry about pennies anymore, so of course everything rounds up right?
Fuck. ☹️
Ye olde halfpence is now a nickel!
definitely someone a few hundred years ago
During thr gold-standard era, 1GBP was around 5USD, but a halfpenny was 1/480 of a pound, so a little more than a cent. The large-format cents issued up to 1857 were similar in size to the halfpennies of the late 1700s.
Doubtful, considering money back then was pinned to something like gold or silver.Some excellent points in the replies. I withdraw my statement!
Are you under the impression that this prevented inflation somehow?
Spoiler: it didn’t.
Shhh don’t tell them about what happened after both world wars
Or the time Ulysses Grant ordered the Treasury to flood the gold market - temporarily tanking the US economy - in order to crush his own brother in laws market manipulation scheme.
