Birdwatch Note Rating
2024-03-21 15:33:18 UTC - HELPFUL
Rated by Participant: BA33073EEAEE114F5D3D6B6EC43DEC19D2BB376CFC8DC8A2649F5452F0B3A14D
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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