Consumer Price Index doesn't calculate true inflation

in #bitcoin3 years ago

Below is a chart of hours need to work in order to buy a share of the S&P 500. Many know governments around the world are suggesting there is very little inflation. However ostensibly speaking, the Consumer Price Index (CPI) doesn't calculate things considered assets e.i., stocks, real estate, etc.

The average hrs needed to work is 30.9. However, in 2020-2021 it is >110 hrs. This chart is only mentioning the S&P 500 think about how insane real estate prices have been going. This is very burdensome and worrisome for those entering the workforce or have been in the work force for some time.

Thanks to Nick Laird for making the graph. Find the rest of the source info in the photo.
Working-Hours-to-Buy-SP-500-1860-2020-1024x639.jpg

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