"For me personally, this analysis has helped me frame up why a -26% correction ‘feels like’ a -40% one…that’s exactly what it is in real purchasing power terms"

This seems to match my internal measure of sats per beer & tacos quite closely.

On the other hand, it might also explain why 20-30k in 2022-23 felt even cheaper than the nominal value for those whose income kept at least some upward pace along the inflation.