For all the folks commenting "oh, but you can still buy a house for 30,000 in XYZ city" -- no, when calculating inflation you have to compare likes.
If a loaf of bread cost $0.10 in the US in 1950 and now you're like, well a slice of bread in Vietnam still costs $0.10, thats not really a good argument.
If a loaf of bread cost $0.10 in the US in 1950 and now you're like, well a slice of bread in Vietnam still costs $0.10, thats not really a good argument.