Above is an image of a United States 1st Class Postage Stamp from 1975. As you can see, it cost 10 cents. Today, a 1st Class Stamp costs 41 cents and is scheduled to increase to 42 cents in May of this year. That is a quadrupling of price in just over 3 decades, and I'm sure you can think of several other examples of this concept -- homes, cars, groceries, education, etc. -- all much more expensive today than they were in 1975.
Why Stocks Are Safer Than Bonds
Why Stocks Are Safer Than Bonds
Why Stocks Are Safer Than Bonds
Above is an image of a United States 1st Class Postage Stamp from 1975. As you can see, it cost 10 cents. Today, a 1st Class Stamp costs 41 cents and is scheduled to increase to 42 cents in May of this year. That is a quadrupling of price in just over 3 decades, and I'm sure you can think of several other examples of this concept -- homes, cars, groceries, education, etc. -- all much more expensive today than they were in 1975.