MY FORMATIVE YEARS
While discussing an entirely different subject, this personal finance column in today's Dallas Morning News explains why people my age have had different economic attitudes, experiences, and expectations from people 10 years older or younger:
The worst five-year period for inflation was 1977-81, at 10.06 percent a year. The worst 10-year period was 1973-82, at 8.67 percent. The worst 15-year period was 1968-82, at 7.3 percent. And the worst 20-year period was 1966-85, at 6.36 percent.
Not the greatest time to grow up.