Birdwatch Note Rating
2024-03-20 20:03:20 UTC - HELPFUL
Rated by Participant: BA2F6EB1DD7EC33A9E0F734875F5EACE17A2BFEC231D2885193C54507DAA4136
Participant Details
Original Note:
The overall inflation rate since 2020 is 19.6%. While the Dow grew (post Covid) about 10,000 points, you must adjust any gains you made in your investments downward by 19.6% to account for the negative effect of the high inflation rate which has devalued the dollar. https://www.nerdwallet.com/article/investing/inflation#:~:text=A%203.2%25%20inflation%20rate%20may,particularly%20high%20housing%20costs%20persist.
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