Are Things Actually Cheaper Today Than In the Past?

PennyGem’s Elizabeth Keatinge tells us about some items that actually cost less now than they did a decade ago.

Transcript

00:00Remember the good old days when a stamp was $0.25, you may have heard your relatives say?

00:08Well, some things are actually cheaper in 2021 than in the past.

00:13As Money Talks News highlights, according to the U.S. Bureau of Labor Statistics, pasta

00:18used to be $1.27 per pound in 2011.

00:21In 2021, it's $1.09.

00:24Landlines have also dropped in price over the years.

00:26Today you can buy a cordless phone for around $35.

00:30In 2011, a newly launched AT&T phone was $59.95.

00:34As GoBankingRates points out, in 2011 you could grab a 55-inch flat-screen TV for around

00:40$3,800.

00:41In 2021, TVs are around 10 times less.

00:46COVID-19 heavily impacted the travel industry.

00:49That's good news for frequent flyers, however, because according to the U.S. Bureau of Transportation

00:54Statistics, domestic airfare in 2011 was $422.30.

01:00In 2021, a domestic airline ticket averages $2.60.