[Enoch Root]

Originally Posted by blankall

Interesting that you use coffee as an example:

http://nbakki.hatenablog.com/entry/c...n_coffee_price

Shows that the price of coffee is about 4x higher than it was now. However, inflation is about 6.43 times higher:

http://www.bankofcanada.ca/rates/rel...on-calculator/

So the cost of a coffee has actually gone down relative to wages. So baby boomers were paying about twice what the current generation is willing to spend on a cup of coffee.

I have no doubt that a coffee in a cafe was more, in real dollars, then than it is now.

The point though, is that no one was doing it - no one got their coffee that way. The idea of 'buying' a coffee everyday was a completely new trend that started in the nineties (or at least really caught on then).

People didn't go to coffee shops every morning. Nor did they have personal phones, personal computers, subscriptions for music, movies, etc. Nothing like that existed.