My truck is getting some miles on it and I wondered what a replacement might run me. Jaw dropped BTW!

This is a real-life example of Inflation and why CPI is an absolute lie (hedonic adjustments my hind end)!

I bought my 2019 truck for $34k that same truck today will cost me $50k (+$16k or +47%).

But Deano, "they" told me inflation is 4% this year and getting better?!?

These people and their math aren't even close to what I come up with here in the real world.

I hope:

1) you don't need to replace your vehicle (most people's second-largest purchase), or

2) you are making 47% more than you were at your job a few years ago, or

3) your net worth went up 47% over the past few years.

If so, you'll be fine!

PS - Now do house prices (most people's largest purchase)!

PPS - Inflation compounds!

PPPS - I'm sure it is just cars "they" are lying to you about...not houses...not food...not energy....not healthcare....not education...etc...etc...

Your wealth and life force are being stolen from you every single day. Are you paying attention?