- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: A $4.03 hourly wage in 1973 had the same purchasing power that $23.68 would last year.
Posted on 4/22/19 at 2:24 pm to FLObserver
Posted on 4/22/19 at 2:24 pm to FLObserver
The products purchased in 1970s are not the same today.
0
Posted on 4/22/19 at 2:42 pm to FLObserver
Ain’t inflation a bitch?
All hail cryptocurrrencies
All hail cryptocurrrencies
Posted on 4/22/19 at 2:45 pm to Ross
quote:
All hail cryptocurrrencies
1 bitcoin a year ago buys the same as 1.78 bitcoin today. Hooray.
Posted on 4/22/19 at 2:50 pm to slackster
Check again tomorrow and who knows what you’ll find
Posted on 4/22/19 at 2:51 pm to Ross
Very true.
Posted on 4/22/19 at 2:54 pm to FLObserver
And people complain about $15 min wage when 10 an hour isn't shite
Posted on 4/22/19 at 2:56 pm to Evolved Simian
quote:
So someone making 3.5x the minimum wage in 1973 had the same purchasing power as someone making 3.26x the minimum wage today? Meaning that wage earners are better off now than they were then, yet pretend to be worse off? Meaning millennials really ARE shitty with money? Shocking.
Could buy a decent place to live and raise a family in the city back then working on a low wage. Good luck doing that today
Posted on 4/22/19 at 2:57 pm to slackster
quote:
Real median wages, depending on the time frame, have actually gone up. Unfortunately, they haven't kept up with median housing prices. Median house price is 5.1x median income today. It was 3.5x median income in 1984.
So people really aren’t building starter homes anymore!
Posted on 4/22/19 at 3:11 pm to Oilfieldbiology
quote:
So people really aren’t building starter homes anymore!
They aren't really building/buying/selling them, at least based on the numbers. Either the inventory is there or it isn't.
Posted on 4/22/19 at 3:13 pm to slackster
quote:
They aren't really building/buying/selling them, at least based on the numbers. Either the inventory is there or it isn't.
Houses have definitely gotten larger which accounts for some of the cost increase. You don't see too many families of 5 moving into a 1500 sq ft house. That was quite common for the middle class when I was a kid.
Posted on 4/22/19 at 3:18 pm to FLObserver
I remember when coke was still cola and a joint was a bad place to be.
Posted on 4/22/19 at 3:22 pm to fallguy_1978
quote:
Houses have definitely gotten larger which accounts for some of the cost increase. You don't see too many families of 5 moving into a 1500 sq ft house. That was quite common for the middle class when I was a kid.
Sure, but the median square footage of a home is 1000 square feet larger than it was 40 years ago. Buying starter homes that are 1500 square feet only work if there are starter homes that are 1500 square feet to purchase. The numbers suggest those are few and far between.
Posted on 4/22/19 at 3:26 pm to VABuckeye
quote:
$25? We bought ounces for $30. It was brown but it did the trick back then.
Brown pot with 100 million seeds in it. I remember those days.
Posted on 4/22/19 at 4:14 pm to FLObserver
I haven't known a person that was paid MW in 30 years.
Posted on 4/22/19 at 4:18 pm to slackster
yea, the millennials are bitching about this around my parts, the local rag claimed there were 1500 people that wanted to buy homes in the area, but none were "affordable" so I did a quick search on Zillow. There are 150 decent homes for sale in my city of 100k (nice college town too) between $100k and $200k. I seriously have no idea what you dumbass kids are complaining about.
This post was edited on 4/22/19 at 4:19 pm
Posted on 4/22/19 at 4:20 pm to Navajo61490
No this is where you blame the government for getting off the gold standard after implementing social welfare programs.
Posted on 4/22/19 at 4:20 pm to FLObserver
quote:
To think someone making 15/20 bucks an hour in the 70's was an OT baller.
a thousand bucks a month back then was pretty healthy money, I was at LSU in the late 70s and $20 was usually enough to go on a date and have fun, not be chintzy and still maybe have a couple of bucks left over, Carter and his 20% interest rates kind of screwed that economy up
Posted on 4/22/19 at 4:26 pm to Klark Kent
quote:
my parents bought a house for $##k in the 1970/80's" is houses were drastically smaller back then as well.
My 2400 sq ft, 4 br house now was built in 1978
Posted on 4/22/19 at 4:27 pm to efrad
quote:
But absolutely it has been poor government monetary policy that has destroyed the value of the dollar.
The issue isn't the value of the dollar. Reasonable inflation is a normal part of a healthy economy, and iirc excessive inflation hasn't been an issue since the early 80's/late 70's. The issue is that wage growth hasn't kept up.
This post was edited on 4/22/19 at 4:27 pm
Posted on 4/22/19 at 4:30 pm to cable
quote:
the local rag claimed there were 1500 people that wanted to buy homes in the area
quote:
are 150 decent homes for sale in my city of 100k (nice college town too) between $100k and $200k
So what about the other 1350?
Page 3 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News