Homework Help-Inflation
In the past, the single largest asset a person or family owned was their home. However, since the Great Recession and the bursting of the housing bubble in 2007, many families consider owning a home a risky investment.
Check out the Bureau of Labor Statistics (BLS) Inflation Calculator
Test out the impact of inflation on an asset like a home
Enter the year you bought your home. If you have not purchased a home, enter a random year.
Assume that you paid $100,000 for it.
How much has the value of the home changed based on the CPI calculator?
