2 to 3% inflation per year doesn't sound all that bad does it. Unfortunately it compounds just like savings interest. It's always been tough to stay afloat much less get ahead. From time to time I think about this. The other day I got curious as to whether my intuition was correct and found this little calculator.
So just for the sake of discussion, let's say my gross income the year my daughter was born - 1989, was $70,000. To have the same buying power in 2010 I'd have to make $121,492.
This gives me an idea for a new X-Game, Up Hill Snow Boarding.
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