Viral 1996 ad predicts todays high cost of living [Video]

A magazine ad from 1996 is going viral on social media for its prediction of what the cost of living would look like in three decades. 

“They say in thirty years a burger & fries could cost $16, a vacation $12,500, and a basic car $65,000,” the Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF) wrote in the advertisement. 

The ad sarcastically continued, “You’ll eat in. You won’t drive. And you won’t go anywhere.”

The advertisement gained popularity on Reddit and other social media platforms, with many users and financial experts calling the prediction “true” and “accurate.”

“I think it’s definitely very interesting in the sense that it was so eerily accurate,” Jeffrey Mellone, a wealth management advisor at TIAA, told FOX Television Stations, but added, “It’s justified with historic data.”

According to Trading Economics, the inflation ratein the United States has averaged 3.30% since 1914, underscoring that a seemingly small percentage increase over three decades can …