David over at My Two Dollars has a great post talking about the value of items in 1972. It’s always shocking to me to see the prices from only 37 years ago. Here are a couple examples:
Avg house: $27600
Tuition to Harvard: $2800
One of the commenters noted that housing was only 2.3 times the avg salary back then and today it’s about 3.7 times. Very interesting……
Anyway, go check out My Two Dollars and see the rest of the figures. David is a good writer and definitely worthy of your RSS reader.
Seems our salaries aren’t keeping up with the costs of living! Thanks for the mention
Bear in mind that there are a lot more two-earner families nowadays, and the average house is a lot bigger now than it was in 1972.
Nothing to see here.
@anonymous
Well… yeah, there are a lot more 2 earner families. But that is because people can no longer survive on one income (like they used to).
From 2.3 to 3.7 times an average salary… that is over a 60% increase.
No wonder everyone is broke. And the problem isn’t about to get better, because the fed is printing up money like Kinkos.