It’s pricey out there—particularly if you’re looking to replace the grand piano in your jet. Our Cost of Living Extremely Well Index (CLEWI) climbed 3.4% this past year, more than a point above its 2018 increase. It rose nearly twice as much as the Consumer Price Index, which was up 1.7%. Since we started tracking this basket of luxe goods and services in 1982, though, it has gone up every year, by an average of 5%. Historically speaking, then, this year’s increase doesn’t look so bad after all—and the average net worth of Forbes 400 members has shot up 3,112% since the early Reagan years. They can afford the Steinway.
More here – Forbes
PS: LB and I were just discussing yesterday how the cost fo the chocolate frogs we buy from the Chocolate Box has risen out of all proportion in the past two decades….