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<p>[QUOTE=&quot;Neal, post: 8232343, member: 43872&quot;]Government inflation figures are averages.&nbsp; Inflation is different in different parts of the country and for different segments of the economy.&nbsp; Inflation for real estate is different in Beardstown, Illinois than in Boston or San Francisco.&nbsp; Inflation for medical costs is different from inflation for groceries or cars.&nbsp; Inflation for education is different from deflation for electronics.&nbsp; Fifty thousand dollars would not have bought you much of a computer in 1945, or even 1965 compared to what $500 would today.&nbsp; Then there is the difference in whether you measure inflation as the cost of goods and services or the cost in labor to earn the money.&nbsp; Minimum wage in 1945 was $.25.&nbsp; It would have cost the low end worker 200,000 hours of work to earn $50,000 (in theory, of course; or perhaps we should think of a large number of workers doing it).&nbsp; That same 200,000 hours at today&#039;s federal minimum wage would earn $1.45 million, so by this measure the stack of a hundred $500s would lose $450,000 against inflation if it brought in $1,000,000.[/QUOTE]</p><p><br /></p>

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