Quote:
Originally Posted by Enoch Root
You seem to blame everything on Boomers.
There absolutely were NOT coffee shops in the 60s and 70s. Diners? Sure. But the idea of spending $4 (in today's terms) for a coffee would have been obscene and highly ridiculed back then.
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Interesting that you use coffee as an example:
http://www.cheatsheet.com/money-care...tml/?a=viewall
Shows that the price of coffee is about 5x 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 more for their coffee than people are now.