Submitted by Debbie M on January 18, 2008 - 07:57.
Another thing about folks who weren't cognizant in the 1970s is electronics have helped make inflation less important than it used to be. While housing, gas, postage stamps, and wages have gone up, food really hasn't (until recently) and electronics have plummeted. Buying electronics now before they get more expensive, just doesn't make sense. And nowadays that applies to more and more aspects of life: TV, videos, music, phones, typewriters (computers). And the expensive part (phone service, monthly cable and internet fees) can't be bought ahead of time.
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Electronics is different
Submitted by Debbie M on January 18, 2008 - 07:57.
Another thing about folks who weren't cognizant in the 1970s is electronics have helped make inflation less important than it used to be. While housing, gas, postage stamps, and wages have gone up, food really hasn't (until recently) and electronics have plummeted. Buying electronics now before they get more expensive, just doesn't make sense. And nowadays that applies to more and more aspects of life: TV, videos, music, phones, typewriters (computers). And the expensive part (phone service, monthly cable and internet fees) can't be bought ahead of time.