$3000 in 1969?

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SSing

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Hi,
Help me put this sum in prospective, so I can relate to it. :)
What did you earn a month, as an industrial worker in Detroit, putting these cars together? Before and after tax in a round sum...
And what did a gallon of gas cost than?
Thank You
Stefan
1969Swinger advert.jpg
 
Hi,
Help me put this sum in prospective, so I can relate to it. :)
What did you earn a month, as an industrial worker in Detroit, putting these cars together? Before and after tax in a round sum...
And what did a gallon of gas cost than?
Thank You
Stefan
View attachment 1714961224
Year End Close Dow Jones Industrial Average 800 Average Cost of new house $15,550.00 Average Income per year $8,550.00 Average Monthly Rent $135.00 Average Cost New Car $3,270.00 Toyota Corona $1,950.00 Gas per Gallon 35 cents Alarm Clock from Westclox $9.98.
 
Year End Close Dow Jones Industrial Average 800 Average Cost of new house $15,550.00 Average Income per year $8,550.00 Average Monthly Rent $135.00 Average Cost New Car $3,270.00 Toyota Corona $1,950.00 Gas per Gallon 35 cents Alarm Clock from Westclox $9.98.

Fast and accurate.
Thank You salinasjoel...
 
Year End Close Dow Jones Industrial Average 800 Average Cost of new house $15,550.00 Average Income per year $8,550.00 Average Monthly Rent $135.00 Average Cost New Car $3,270.00 Toyota Corona $1,950.00 Gas per Gallon 35 cents Alarm Clock from Westclox $9.98.
And oddly enough, a basic alarm clock is still $10....
 
Year End Close Dow Jones Industrial Average 800 Average Cost of new house $15,550.00 Average Income per year $8,550.00 Average Monthly Rent $135.00 Average Cost New Car $3,270.00 Toyota Corona $1,950.00 Gas per Gallon 35 cents Alarm Clock from Westclox $9.98.

Being a 25-year-old who's married and has a college degree, this makes me want to cry. And baby boomers say my generation is spoiled, what a joke :mad:
 
Factor inflation.....

I used to keep track of 1980's vs current and IIRC it's somewhere in the 3x range.

IE 500 bucks in 1985 is the equivalent of about $1500 today.

1970 is probably closer to 4x or more.
 
Average income in 2015 was $53,657 and the median house price was $190,000. House price/income for 2015: 3.54, same for 1969 is 1.81 that's almost double. Uggghhhhh
 
In 1977 I was a 21 year old mechanic's apprentice making $4.25 an hour with a percentage of the labor as a bonus. I bought a running 1967 Camaro SS350 for $500. It had 95,000 miles on it.
 
When I started working in a factory in 71 pay was $2.00 per hour plus piece rate I ordered a new 71 Demon 340 thinking it was around $3200 when I owned my first rental property around 1985 I charged $35 per week for a one bedroom bought my house in 77 payments were $185 per month remember thinking how am I going to afford this makes you wonder what it will be like in 25 or 30 years
 
In February of 1980 my dad bought a 72 340 car (all original with 66k miles off a Plymouth Dealership lot for 1530.00. At just about any lot today anything with 66k miles on it will cost you no less than 5500.00 I figure.

Time passes by and we all soon forget how much inflation changes the game in this country. If you are making 50k a year in 2016 and a single income with a small Mortgage and small Car Payment you are just barely keeping your head above water....

JW
 
Average income in 2015 was $53,657 and the median house price was $190,000. House price/income for 2015: 3.54, same for 1969 is 1.81 that's almost double. Uggghhhhh
I don't want to make it any worse than it is, but that number that you gave and the numbers from 68 are "Household Income" and not "Individual Income". In 1968 it wasn't the norm for moms to work as much as it is today. So the household income in a lot more cases today is two wage earners where the number was one in 68. There's some salt in Americas financial wounds.
 
Our generation could work our way through college delivering pizza.

Nowadays being a college student you need to work at a pizza place just to get food or your diet will consist of Ramen noodles and water lol.

Seriously though my dad is kind of "stuck" working overseas in a job he hates because it pays about double what a similar job back here in the States would, and he's doing it to put my 2 younger brothers through college. Most 'kids' in college these days have to get student loans to some degree but my dad experienced that himself (and the massive debt it entailed) when he went to college and he doesn't want us to have to deal with the same BS. Sucks bigtime though because he's not here with the rest of the family he's just by himself working his butt off :(
 
The price of college tuition, books, dorms..... pretty much guarantees continued class separation. The rich can go to college and the poor can go to work. Usually an overworked and underpaid life follows those that can't afford college to begin with. Then they can't send their kids to college and the process repeats itself over and over.
 
The price of college tuition, books, dorms..... pretty much guarantees continued class separation. The rich can go to college and the poor can go to work. Usually an overworked and underpaid life follows those that can't afford college to begin with. Then they can't send their kids to college and the process repeats itself over and over.

It's not a money thing.... It's a mind thing..... If you want it, you have to figure it out and want to succeed no matter which class you are in.....

JW
 
Our kid went to community college.

First one on either side of our families to go to any college.

Paid his own way working part time. No loans.

All we did was provide housing and a used car (with insurance) for him to drive.
 
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