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Fiendish Thingy

(23,430 posts)

11. The impact on you seems to have faded with the passage of time

Reply to Imallin4Joe (Reply #10)

Tue Apr 14, 2026, 10:49 AM

Tuesday

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

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I'm 55. This is the worst economy i've ever seen. [View all] Imallin4Joe Tuesday OP

$8.00 for a pound of ground beef at my local Kroger, $9.00 for ground chuck. bearsfootball516 Tuesday #1

My part of the country was worse in the 1980s but that said dsc Tuesday #2

With ya.. I grew up in the 80's and remember Reagenomics all too well.. Imallin4Joe Tuesday #7

Eating out for two at a crappy place is now 30-50 bucks dalton99a Tuesday #3

Brunch for 3 on Sunday was $83. plus tip, $99. mnhtnbb Tuesday #5

Consumer Sentiment index at a record low Strelnikov_ Tuesday #4

And trending down further dalton99a Tuesday #8

If that graph was flying a jet.. Imallin4Joe Tuesday #12

Perhaps you are too young to remember the double digit inflation of the late 70's-early 80's Fiendish Thingy Tuesday #6

Nope, I fully remember high interest rates and inflation.. Imallin4Joe Tuesday #10

The impact on you seems to have faded with the passage of time Fiendish Thingy Tuesday #11

And let's not forget the gas shortages Bobstandard Tuesday #16

Yes, 14% home loans, stagflation, gas lines, thousands of Vietnam vets looking for jobs. CanonRay Tuesday #15

world economies are in a complete mess samsingh Tuesday #9

Developing countries will slide back toward deprivation, poverty, violence, mass migration dalton99a Tuesday #13

Meh. You were around for the late 80's That was plenty ugly, but you Maru Kitteh Tuesday #14

This message was self-deleted by its author PeaceWave Tuesday #22

Amazed and so in awe of the people in the thread who had to walk to school uphill BOTH WAYS. BannonsLiver Tuesday #17

Well Timewas Tuesday #18

Not the worst in my 59 years, but a really bad combo JCMach1 Tuesday #19

It's a horrible economy. When a right-wing lunatic tells you about how good the DOW Emile Tuesday #20

It's going to get bad, very bad Johnny2X2X Tuesday #21

The Supreme Court rulled against his tariffs. spanone Tuesday #23