A thousand dollars saved today buys significantly less than it did last year, specifically: $900 of new car, $880 of food, $750 of hotel nights, $736 of used car, and $500 of gas.
"imagine you had a thousand dollars saved in your bank account even though the value of that thousand dollars didn't change like the number didn't fluctuate it's still a thousand dollars the amount of stuff that it buys you today is significantly less for example if you were to spend that thousand dollars today you would buy nine hundred dollars worth of new car today versus last year or 880 worth of food or 750 worth of hotel nights or 736 dollars worth of used car or only 500 worth of gas"
