[sgbuffett]

2010 price of BIg Mac...



in 2023 a Big Mac is $7.25

In 13 yrs ut rose by 73%

This points to an aversge inflation rate of 4.3%.

Why is this important? The big mac index gives a more realistic measure of inflation because the CPI which has not been changed and updated to our modern lifestyle measures a set of goods based on lowest surveyed prices in Singaoore is believed to under estimate inflation by a big margin.

If you do the maths.

Those who reach 55 this year will get CPF Life pay out
In 2033 of $1500 if you reach full retirement sum of $198K in 2023.

In 2033 $1500  is equivalent to $1000 of today's money .
In 2043 $1500 is equivalent to $670 of today's money.
In 2053 $1500 is equivalent to. $449 if today's money.

Because CPF does not adjust for inflation. The buying power of the payout diminishes over time...by quite alot.

If you get one period of hyperinflation during your retirement, the buying power will be completely wiped out.

It is a risky and inadequate scheme that you cannot actually depend on for even a decent basic retirement.

It is essential to complement it.

[YummyKing]

You never hear that in the 1980s, it cost only $2 for a Big Mac

[[[ForeverAlone]]]

Still remember when Big Mac first time intro in SG

Me and my cousin and friends see from tv and comment wow so big can stuff inside the mouth or not,

And slowly it become a popular choice.

I remember is slightly expensive than fish burger and cheeseburger of course but is BIG indeed


Now is you pay more yet the Big Mac shrink become small ….

[WhatDoYouThink!]

Super high in calories, saturated fat and sodium, super unhealthy

[red3]

1980s hamburger is 50c

[wulala]

price increase, burger shrink.

[Oyk]

price increase, burger shrink.

You also get a fries and coke.

I think it's cheaper than eating mee pok at a coffee shop where you still have to buy a coke separately.

Just now my low ses dinner of orh kee mee pok already cost me $5.30. MacD, BK had kept their prices reasonable though they had to make the burger smaller which is actually not a bad idea because we had been eating far too much carbs..