A rather pointless set of numbers without specifying her salary, ideally after bills, mortgage and whatnot.
Today the average home price in the USA is $436800. So that $20 today would be ~$140, based purely on the value of homes in the USA today and in 1980. Bear in mind the average price of a home in 1980 was ~65k – so she was living in a very, very cheap home for 1980!
Boomers be like ton jero mou me mia lira epianes 1 pitta souvlakia 6 anapsixtika je evales pezina mes tin landie na pais ayia napa na pirakseis souidezoues
Wtf I saw this exact same meme elsewhere and it was stated that the photo was taken in 1974
>Median family income in 1980 was $21,900 for Whites, $12,670 for Blacks and $14,720 for Spanish origin families.
Houses used to cost about 3 years of the average salary back then if im not mistaken (saw it in a documentary).
Nowadays, it’s about 7 years of salaries because they didn’t increase at the same rate as everything else. But, we can’t always blame the private sector for this. Look at just the last 15 years and you’ll see how badly governments are mismanaging their own countries and their foreign policies. From wars to lockdowns to global economic crises. How could SMEs which make up most of the private sector afford to keep raising their employees’ salaries at the same rate as the inflation rate ?
Apart from the fact that most of these products cost more remember that packaging size has also decreased. So not only are you paying more, you’re also getting less as time goes by.
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A rather pointless set of numbers without specifying her salary, ideally after bills, mortgage and whatnot.
Today the average home price in the USA is $436800. So that $20 today would be ~$140, based purely on the value of homes in the USA today and in 1980. Bear in mind the average price of a home in 1980 was ~65k – so she was living in a very, very cheap home for 1980!
Boomers be like ton jero mou me mia lira epianes 1 pitta souvlakia 6 anapsixtika je evales pezina mes tin landie na pais ayia napa na pirakseis souidezoues
Wtf I saw this exact same meme elsewhere and it was stated that the photo was taken in 1974
>Median family income in 1980 was $21,900 for Whites, $12,670 for Blacks and $14,720 for Spanish origin families.
Also there was no 15,000 houses. You can check at https://www.huduser.gov/periodicals/ushmc/winter2001/histdat08.htm
Houses used to cost about 3 years of the average salary back then if im not mistaken (saw it in a documentary).
Nowadays, it’s about 7 years of salaries because they didn’t increase at the same rate as everything else. But, we can’t always blame the private sector for this. Look at just the last 15 years and you’ll see how badly governments are mismanaging their own countries and their foreign policies. From wars to lockdowns to global economic crises. How could SMEs which make up most of the private sector afford to keep raising their employees’ salaries at the same rate as the inflation rate ?
Fiat is the greatest grift of our (or any) time.
Enan Nescafé 8 euro sxedon 😂
$600 of groceries adjusted for inflation
In America
Apart from the fact that most of these products cost more remember that packaging size has also decreased. So not only are you paying more, you’re also getting less as time goes by.
It’s like $250 today and 200,000 house