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Re: 1954 . . . Inflation.  

By: micro in 6TH POPE | Recommend this post (1)
Fri, 29 Jul 22 11:11 PM | 30 view(s)
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Msg. 34143 of 60008
(This msg. is a reply to 34141 by Decomposed)

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In 1967 my parents moved on up to the east side..

My dad got a dream job at General Electric in Evendale.. We got a two story, brick colonial in one of the nices suburbsan cities north of cincinnati for 21,000. 4 bedrooms, Family room, living room, formal dining room , 3 baths, large kitchen, full basement, garage. Sharonville, Ohio.

That place was big and all us kids had our own bedroom..

Couldn't touch that place today as a new home at under double the price today.

Its amazing what things cost in this day and age we live in... I am glad I am on the latter end of the lifespan ladder...




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The above is a reply to the following message:
Re: 1954 . . . Inflation.
By: Decomposed
in 6TH POPE
Fri, 29 Jul 22 10:55 PM
Msg. 34141 of 60008

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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