If you had elected this same $ 2000 per month payment in 1970, by 1980 the equivalent payment would only have been $ 1008, because of the double
digit inflation during this period.
Not exact matches
By the time that decade ended, price - to - earnings ratios were in the single
digits — but you had little or nothing to show for buying cheap equities
during the prior 15 years; and that's before accounting for very high
inflation.
And when the Federal Reserve Board once again greased the presses
during the Vietnam War,
inflation soon made a triumphant return to double -
digit territory.
By 1978 the economy had started to show signs of recovery, with
inflation falling to single
digits, unemployment falling, and living standards starting to rise
during the year.