IOW, why bother “saving” money? Investing with a decent rate of growth is the only way to stay even, let alone get ahead.
On a side note, I compared the price of the cars I was drooling over in college in 1965 with the equivalent in today’s $$.
911 Porsche - $6995 Today’s Dollars $50,939
289 Cobra - $4995 Today’s Dollars $36,375
XK-E -$6300 Today’s Dollars $45,878
In 1971, when I got married
Datsun 510 - $2154 Today’s Dollars $12,200
Ferrari 275 GTB4 - $14,500 Today’s Dollars $82,128
Gasoline $0.29 Today’s Dollars $1.64
Our first home purchase in 1974 - $26,000 Today’s Dollars $120,977
You can see that inflation has jacked up the cost of everything, but Federal auto regulations and more restrictive building codes have had a great effect also.