Ever seen girl math?
“If I preload my Starbucks account with $25 and I go to Starbucks the following week, my order was free.”
“Spending money abroad doesn’t count because it’s a different currency.”
Things aren’t mathing as they should.
As I recently learned,
“If I return clothes to the store (store credit), but then buy new clothes (using that store credit), those new clothes are free. (No new money spent)”
Stupid people standing on soapboxes saying stupid shit.
Back in my day, people had to dedicate years of their life before they were given the opportunity to stand in front of hundreds of people and tell them things.
well it’s ambiguous. Its also a sloppy way of expressing an increase by 80 percentage points.
I think it’s ambiguous and the 90% actually makes more sense. If you increase something by 5m you are taking the original value and adding 5m to it. For multiplication you should probably avoid the word increase and say scaled by instead. 10% scaled by 180% is 18%.
People got this wrong about inflation as well. In 2020 there was actual deflation, and in 2021 there was very minimal inflation, meaning prices were still largely lower or similar as 2019. Then we saw 9% inflation in 2022. Total inflation in 2024 vs the 2019 benchmark was around 15%. Or 3% average per year, which is barely over the baseline. People just hear 9% inflation, completely missing the fact that this was a YoY number relative to the Trump recession.
Drag doesn’t know exactly what the problem is, but the official inflation figures cannot be right. Housing is so much more expensive. Food is more expensive. And it’s not 9% more expensive. Drag knows they say the math takes into account the price of rent, but they’ve gotta be lying somehow. It’s impossible that the cost of living is rising so much faster than inflation. Those should be the same. If they’re not the same, someone’s math is wrong.
I keep track of my grocery bills going on 10 years now and 14-15% is spot on for what I buy.
And then there was that bogus article that said Argentina had lowered it’s inflation to 2% and you find out in the article that’s monthly inflation and the yearly figure was like 190%.
It’s really pretty simple - if something increases by 80%, you add 80% of whatever it already is… one dollar becomes $1.80… one percent becomes 1.8 percent.
Most people don’t understand it because they’ve seen it done wrong so often, the wrong way seems right.
I’m quite willing to bet that 70% of the population has no clue that percentages, fractions, and decimals are the same thing.
