I thought I was a fortunate outlier but Jeremy Horpedahl suggests we're doing alright in spite of these things.

https://economistwritingeveryday.com/2025/01/29/the-wealth-of-generations-2024-third-quarter-update/

Reply to this note

Please Login to reply.

Discussion

Using government inflation numbers is bound to fuck up your results but they did it anyway.

Use broad money or m2 as your inflation measure and I bet it doesn't look so rosy.

His one of his responses to BLS data integrity.

https://economistwritingeveryday.com/2024/08/28/grocery-inflation-since-2019-bls-data-is-probably-about-right/?utm_source=chatgpt.com

Lyn has also pointed out (can't find the tweet) that folks like us love to question government data when it doesnt fit our narratives but embrace it when it does.

Between that and reading a lot more Jeremy, I simultaneously hold the beliefs that its not as bad for millenials as we portray to one another online, but also, centralized ledgers are bad and things should be much better.

I hold consistent that you are measuring with a ruler that has constantly changed sizes over that time.

I think some bitcoiners are guilty of this but I honestly can't think of a number from the government that I'd trust to be accurate.

I will admit to pointing at numbers they admit that are bad but I assume they doctored those as well. That just means it is even worse than they admitted to.