There are times when people realize that prices will never be as low as they used to be. As prices for everything from small necessities to big purchases have slowly gone up, it's been clear that inflation is always there. How we think about what is "normal" regarding cost has changed because of changes in the economy, market trends, and world events.
Take a nostalgic look at 15 items that used to cost less than a dollar in the 1970s but are now outrageously expensive. Once available to almost everyone, these items now feel like luxury purchases due to inflation and shifting market trends. From everyday snacks to popular activities, we look at how prices have risen over time and consider how life has changed since then.
Inflation is making everyday costs climb, but the impact goes beyond just higher grocery bills.
Many everyday items that used to be cheap have seen significant price increases in the past few years, shocking consumers with their new prices. Prices often go up due to inflation, problems in the supply chain, and higher costs of making the goods.
A dollar in the ’90s could get you everything from a burger to a gallon of gas—now, you’d be lucky to get a stick of gum.
Lifestyle inflation is the phenomenon whereby individuals spend more as their income rises, usually resulting in financial difficulty. Though it's a typical trap, knowing how to control it will help you stay from overpaying and create long-term riches. Here, we will go over twenty tactics to control lifestyle inflation and maintain financial discipline.