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| Here is an article explanation of how it is computed.
https://www.thestreet.com/personal-finance/how-to-calculate-inflatio...
Inflation adjusted is a better comparison than nominal. Take 30 years ago, if you had $10000 credit card debt but had the average household income of $38500 you would be in worse financial shape than $10000 credit card debt with a household income of $67000 in 2020 | |
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Beef and economy
