The 2% Inflation Promise | BBS 2026 Day 2
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0:00A: The government tells you their goal is 2% inflation. So they tell you it’s 2% inflation. They don’t never get to 2% inflation, but they tell you it’s 2%.
0:10B: And they don’t promise to raise wages to scale.
0:12A: No, they don’t. Never will. So let’s go back to -- was it 2020 or 2021 when inflation hit 9%? And that’s the government admitted to 9%. No, if they admit to 9%, it’s probably more like 12%. All right. But let’s just round it up and say that it was 10%. If you’re planning to buy a home and you saved up, say it’s a half-million-dollar home, you saved up your $500,000, your $50,000 to put your 10% down payment. When you went to buy that house, because of that 10% inflation, that house has now gone up in value to $550,000. So instead of that $50,000 you got in the bank, you got to come up with another $5,000.
