Insane.

this is pretty awful.

This is worse in my own life. The cost of everything. Food etc..

I was born in 1970 for context.

We each had Black Truffle scrambled eggs, served with potatoes. Three American coffees. One specialty morning bun to share. No juice. No dessert. No alcohol.

Yes, it's a nice French restaurant that serves brunch on Sunday. Has a lovely outdoor patio. But almost $100. for three of us!!!

Lower than ‘08

Last edited Tue Apr 14, 2026, 11:59 AM - Edit history (1)

it would get the warning.. PULL UP PULL UP!!

Yes, it is in a nosedive.

Thanks for the graph. Shows it quite clearly.

When mortgages were also in the teens.

It was pretty bad then.

But now, the widespread suffering isn’t caused by OPEC, it’s caused by one man’s impulsive actions, and his party’s refusal to stop him.

brought on by long before Carter by Nixon/Ford..

Carter had to clean up the shit left by those two Fascists.

Not trying to go off on you but just saying, I remember it well.

And the impact of current conditions feels worse. It’s called “recency bias”.

Inflation peaked at 14.8% in March 1980. I remember coffee, sugar, milk, beef all skyrocketing in price back then.

https://www.usinflationcalculator.com/inflation/historical-inflation-rates/

The highest inflation we’ve seen in recent years is 9 point something in 2022.

The most recent inflation number, which doesn’t completely account for the jump in oil prices, was around 3.3%.

Mortgage rates peaked at 16% in 1982

https://www.bankrate.com/mortgages/historical-mortgage-rates/

Today’s mortgages are around 6.5% for a 30 year fixed?

So, just statistically, things were worse in the late 70’s-early 80’s.

That doesn’t mean millions of Americans aren’t suffering right now, and it looks like that suffering will intensify in the coming months

A whole generation has never had to wait in lines around the block to get gas. Or knows about how you were only permitted to buy gas on even or odd numbered days depending on your license plate number.

How long until the lines are back? Shall we start a pool?

The 70s sucked.

were not the one paying the electric bill and buying the groceries then. I’m not tooo far ahead of you in years, so I wasn’t either, but I remember looong lines of people looking for jobs (sorry, no online applications in the 80’s lol) and family plans curtailed, delayed and discarded by high costs in general.

I am 84 and I agree with that, never seen anything this bad.

Of consumer inflation (especially food ACROSS the board) and jobs.

has been under Trump, ask them why overseas markets have over performed US markets by 15% since Trump took office.

People who know my posting history, know I often dissuade people from making financial decisions based on politics. Trump didn't destroy the economy in his first term until Covid.

But things are going to be very bad. The economy is a job creating machine, the job creation machine has created virtually no jobs for over a year now. That's a freaking disaster and will be more impactful than inflation. People losing their jobs will just be stuck looking for work for month after month and then year after year. We needed to create 2 million more jobs than we did since Trump took over to drive growth. We have a 2 million job deficit that is going to bludgeon the working class for years to come.

Are they all still intact?