Page 23 - Psychology of Money - Timeless Lessons on Wealth, Greed, and Happiness-Harriman House Limited (2020)

COBACOBA

Or inflation. If you were born in 1960s America, inflation during your teens
and 20s—your young, impressionable years when you’re developing a base
of knowledge about how the economy works—sent prices up more than
threefold. That’s a lot. You remember gas lines and getting paychecks that
stretched noticeably less far than the ones before them. But if you were born
in 1990, inflation has been so low for your whole life that it’s probably never
crossed your mind.