Quote:
Originally Posted by Steve Jordan
I think his point was, while CDs cost roughly the same now as they did 20 years ago (around $15 on average), inflation has driven the cost of everything else up... so that CD is taking a proportionally smaller bite out of your wallet, compared to things like gas, food, rent, etc.
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Precisely - that's why I said "in real terms". If a CD costs $15 now, and was also $15 20 years ago, it actually now costs about a third of what it did 20 years ago in terms of your "buying power".