🤔 inflation

• inflation is different for different individuals
• some things get cheaper over time, some things get more expensive
  • ex. education, health-care, real-estate have been rising
  • ex. tvs, computing power, solar panels have been dropping
• inflation is often measured by a basket-of-goods
  • but, different people have different baskets they care about
  • most notably: if you own a home, you don't care about real-estate increasing in price
    • (unless you're downsizing or moving to a lower-cost-of-living area)
  • similarly: if you're done college and don't plan to have kids, you don't care about education increasing in price
• government of canada gets this, and has a "personal inflation" calculator:
  • https://www150.statcan.gc.ca/n1/pub/71-607-x/71-607-x2020cal-eng.htm

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