What's happening in America today from a Generation X|Y point of view.
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Friday, December 31, 2021
Your Buying Power of $200 from 2010 is only worth $155 in today's dollars
SOURCE:
https://www.in2013dollars.com/us/inflation/2010?amount=200
* Compared to previous annual rate. Not final.
$200 in 2010 is equivalent in purchasing power to about $254.93 in today's money, that's an increase of $51.60 over 11 years!
The dollar had an average inflation rate of only 2.23% per year between 2010 and today, producing a cumulative price increase of 27.47%.
This means that today's prices are 1.27 times higher than average prices since 2010, according to the Bureau of Labor Statistics consumer price index.
A dollar today only buys 78.45% of what it could buy back then.
The 2010 inflation rate was 1.64%.
The 2021 inflation rate is 7.39%.
Thursday, December 30, 2021
Singapore-based Wigetworks is hoping to create a modern version of the ekranoplan
Drone development:
The ekranoplan concept lives on in new projects. US startup
The Flying Ship Company
is working on an unmanned ground effect vehicle to move cargo at high speed.
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