Birdwatch Note Rating
2023-09-05 10:58:09 UTC - HELPFUL
Rated by Participant: B295860FFFBB15F668E6C47E0B3D1F20D9F7ABE865821FC5E75343A373AEBFC2
Participant Details
Original Note:
The listed metrics are true. However, food and clothing were substantially more expensive in 1930. In fact, it consumed about 50% of income, compared to 20% today. The consumer price index shows that it is about 5-10% more expensive to live today compared to 1930. https://www.bls.gov/opub/mlr/2014/article/one-hundred-years-of-price-change-the-consumer-price-index-and-the-american-inflation-experience.htm
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