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But we saved everything 🙂.
Prices on a range of goods and services have increased significantly over the last 7 years. New cars are up 23%, used cars 30%, groceries 33%, and shelter 35%. Family health insurance increased 38%, restaurant prices 39%, transportation 42%, electricity 44%, auto insurance 49%, home prices 60%, gas utilities 62%, gasoline 64%, and a dozen eggs 64%.
The data was shared by Charlie Bilello, chief market strategist at Creative Planning.
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Bilello has previously discussed the challenges of managing risk in portfolios with dominant stock positions, outlining key strategies in an earlier report. He has also noted that the S&P 500 averaged a 12% annual return since 1980 despite typical intra-year declines, according to his analysis on market returns and risk. These perspectives add context to his recent observations on rising consumer costs.