folkaround reblogged
I’ve figured out that one way to stump older people that complain about the current generation is to have an inflation calculator app on your phone.
Aunt: When we got our first apartment it was 300 bucks a month why can’t you-
Me: In what year?
Aunt: What?
Me: What year did you get your first apartment?
Aunt: 1973?
Me: Hmmm. Looks like that would be $1755 in 2021 money.
Aunt: *seems to go through seven emotions at once*
Aunt: Oh.
Uncle: Why should minimum wage-
Me: What year did you start college?
Uncle: 1968?
Me: So if you scale up $1.60 to 2021 dollars that would be $11.94 and the current federal minimum wage is $7.25
Uncle: Bu-
Me: And it seems like from a quick google search the median rent in 1970 was $108 and today that would be $722 but this same chart tells me that the actual median rent in 2020 was $1,100.
Uncle: *confused silence*
I HAVE DONE THIS AND IT WORKS
