Prices Since the Knicks Last Won a Title

Name: Prices Since the Knicks Last Won a Title
Uploaded: 2026-06-19T05:32:52+00:00
Duration: 1 min 20 s
Channel: The Compound
Description: The discussion highlights the significant changes in inflation and prices since 1973, illustrating how various costs have escalated over the decades. While

The Compound · 1m · transcribed Jun 2026

Transcript

0:00 The last one next one is 1973, correct? I guess they called the top in the market cuz there was a big bear market after that. Let's do an inflation thing for this. And it's funny they put them in nice colors for me. My head Claude Wembanyama Wembanyama did this for me. My little assistant Claude. So this is prices they do nominal and real, okay? So inflation is up six times since 1973, which is kind of crazy to think about.

0:19 That's just compounding, right? It's three three and a half percent. Homes are up 15 times in that time. New cars are up 12 times. Cost of college is up 24 times. Health insurance is up 50 times. And groceries are only up four times. So it's kind of crazy. Groceries have actually are the only big thing that has grown less than the rate of inflation since the 1970s. I guess I guess I should add Claude do wages, too.

0:39 >> I wonder what the what the tickets were back then. >> Oh, that's a good guy. $5 probably, $10. It had to be really really low. Cuz no one cared about the NBA as much, either. >> So my dad, he sent me a a picture of a playoff game. Oh, okay, round one. Yeah, I was like, what? Round one. Uh section 119 row D. Oh, it was row D's back then. So fourth row. It was $96 in 2004.

1:07 >> Okay, here's interesting. So wages, according to Claude, so inflation's up six times since 1973. Wages are up eight times. But as we said, prices of a lot of stuff are up even more. >> [music]

Summary

The discussion highlights the significant changes in inflation and prices since 1973, illustrating how various costs have escalated over the decades. While wages have increased, they have not kept pace with the rising costs of essential goods and services.

- Inflation has increased sixfold since 1973, averaging about 3-3.5% annually.
- Home prices have surged 15 times, while new cars have increased 12 times in the same period.
- College costs have skyrocketed by 24 times, and health insurance has risen 50 times.
- Groceries are the only major expense that has increased less than the inflation rate, growing only four times.
- Wages have risen eight times since 1973, but this increase is still outpaced by many essential costs.
- The conversation touches on the historical context of NBA ticket prices, reflecting broader economic changes.