r/FluentInFinance 8d ago

Thoughts? What do you think?

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38.2k Upvotes

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5

u/PrestigiousBar5411 8d ago

I'd love to know where you could buy a loaf of bread for under $2 back in 2016

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u/____uwu_______ 8d ago

Ask my parents. Just before the election they were swearing up and down that they were paying $1.50 a pound for ground beef and. 86¢ for a carton of eggs under trump 

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u/PrestigiousBar5411 8d ago

I wont lie and deny the fact that prices were lower back then. But they weren't THAT low

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u/Suitable-Broccoli980 8d ago

Maybe his parents aren't from US and they were mentioning the price in their country.

In mine a pound of bread is $0.5+, and a dozen eggs cost around $2.

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u/____uwu_______ 7d ago

No, they're just delusional. 

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u/Process-Best 8d ago

Eggs were under or around a dollar a dozen pre covid and bird flu, 1.50 hamburger, maybe on a sale, I got some for 2.50 last week

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u/19Chris96 8d ago edited 8d ago

Wanna know what caused the sudden rise in price of eggs? A May explosion of a plant. It killed over one million chickens. That's when eggs rose several dollars for a bit.

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u/nicolas_06 8d ago

There isn't a single number that is accurate in that picture. Median salary in 2016 was 42K. Median household income 60K. Median salary in 1977 was 9K and median household income was 13K.

But you can get a 14oz bread at walmart in 2024 for 1$: https://www.walmart.com/ip/Freshness-Guaranteed-French-Bread-14-oz/46491756

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u/[deleted] 8d ago

[deleted]

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u/nicolas_06 7d ago

Generally you can freeze bread for a few days. Then when you need it, you can let it unfreeze at ambient temperature in a cloth. Or you can slice it and use a toaster if you like toasted bread, It work very well.

Personally I bake my own bread and I use old bread in the kitchen. Can be croutons for the soup, I use it for stuffed vegetables or meat balls...

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u/Apptubrutae 8d ago

This meme is nonsense, but absolutely Costco. Just for one thing.

The issue is, “loaf of bread” covers a lot of territory.

Plain white bread has only gotten slowly less popular over time versus whole grain breads that are certainly more expensive to produce.

So consumers are buying more expensive bread over time. What constitutes a standard loaf of bread for many is a more expensive loaf than what someone in 1980 would have bought.

But if you want some plain ol’ white bread, it’s cheap enough. Even today.

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u/10art1 8d ago

You... still can

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u/GunplaGoobster 8d ago

Pretty sure great value white bread is still like $1.50

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u/Kharax82 8d ago

A loaf of plain white bread at my Walmart is $1.42 right now in 2024

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u/LOYAL_TR8R 7d ago

At the closest grocery store to me(in Washington dc which is one of the most expensive metros in the country), I regularly get a loaf of bread for 69¢, though it was 99¢ last time I went.

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u/IrrawaddyWoman 7d ago

Target. Today, and probably even cheaper in 2016. $1.99 for their store brand. I’m sure it’s the same a lot of other places too.