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Re: 1954 . . . Inflation.  

By: Decomposed in 6TH POPE | Recommend this post (3)
Fri, 29 Jul 22 10:55 PM | 38 view(s)
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Msg. 34141 of 60008
(This msg. is a reply to 34131 by Zimbler0)

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Zimbler0:

Re: “Back in 1969, Mom and Dad bought their house for $13,900.”
Putting that in perspective, back then $13,900 was about 18 months of an average person's salary. Today, the average person makes less than $60,000.

So, it's not just that prices have skyrocketed. It's also that salaries have not kept up.








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The above is a reply to the following message:
Re: 1954 . . . Inflation.
By: Zimbler0
in 6TH POPE
Fri, 29 Jul 22 9:07 PM
Msg. 34131 of 60008

Too depressingly true.

By the way, I found the original deed to my Mom's house.
Back in 1969, Mom and Dad bought their house for $13,900.

Monthly payment was $97.20.

(The house is probably worth around $200,000 today.
Four bedrooms, formal dining room, 2 full baths.)

Zim.


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