Everything costs too much. That’s the national mood, and I get it. But your brain is playing a trick on you, and it’s a trick I’ve watched play out over 35 years of writing about money.
Here’s the trick: You remember old prices, but you forget old dollars. A dollar in 2012 bought a lot more than a dollar today. So when you compare today’s sticker price to one from over a decade ago, you’re comparing apples to shriveled apples.
Adjust for inflation and something surprising happens: A bunch of things that feel outrageously expensive are actually cheaper than they’ve ever been. And one of them — gas — will probably make you want to argue with me.
O…
Read the full article at MONEYTALKSNEWS.COM
