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re: Why do people 50+ disregard inflation calculators?

Posted on 5/29/19 at 6:55 pm to
Posted by blueridgeTiger
Granbury, TX
Member since Jun 2004
22390 posts
Posted on 5/29/19 at 6:55 pm to
My first wage-paying job was as a 14 year old in 1955. I worked at a drug store for 50 cents an hour. I'm not going to recalculate that every time the CPI is updated.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
108911 posts
Posted on 5/29/19 at 6:58 pm to
quote:

That $15 pizza in 1980 is about $8 right now.


What? A DiGiornos frozen pizza today isn’t even $8. fricking stop.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41874 posts
Posted on 5/29/19 at 7:01 pm to
quote:

The pizza in Home Alone was $12.25 a pie.


In 1990...10 years after 1980. Try to keep up.

Regardless, you realize you can look up what a major chain pizza cost in the 80's right? A 2 minute google search shows that pizzas were around 9-10 dollars for an extra large 1 or 2 topping pizza. You understand that right?
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 5/29/19 at 7:08 pm to
quote:

On the flipside, mortgage rates in 1980 were around 15-20%.


quote:

For a median home price of $47k in 1980.

Which is $145k today.


Making the monthly payments about the same.
Posted by meansonny
ATL
Member since Sep 2012
27015 posts
Posted on 5/29/19 at 7:09 pm to
quote:

A 2 minute google search shows that pizzas were around 9-10 dollars for an extra large 1 or 2 topping pizza


Every company has their own pricing. As a matter of fact, most dominoes and pizza huts were franchise and listed their own prices. Most national pizza commercials in the 80s didn't list prices because of the variances per area.

A small personal pan 1 topping pizza hut pizza was $5 in the 80s. That was a national campaign. Your 18 inch 3 toppings could get to $20 for dominoes in Georgia.

I remember when Little Caesars opened locally (1994ish). Their $9.99 two large one topping pizzas were a huge deal. They tasted like crap. But that was the beginning of the end for quality pizza from the big chains.
Posted by OceanMan
Member since Mar 2010
23415 posts
Posted on 5/29/19 at 7:12 pm to
quote:

Yet I was able to buy a house. And get a real job. And pay it off. And get married. And raise kids. You know, all the stuff they say they can’t do.


Millennial here, you aren’t special, ive checked those boxes as well.

quote:

Oh yeah, and my first mortgage was two or three times today’s cheap interest rates.


And your savings account probably got 10%. What’s your point.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53814 posts
Posted on 5/29/19 at 7:13 pm to
quote:

Making the monthly payments about the same

But that 45k house was probably 1400 sq ft 3 BR 1.5 BA. That house in today's dollars in 2900 sq ft 4 BR 3 BA.

Education is a legitimate gripe though. The inflation has been insane. Particularly since the feds started backing student loans.
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 5/29/19 at 7:13 pm to
Mama brava $1.29 a slice.
Posted by NoSaint
Member since Jun 2011
12799 posts
Posted on 5/29/19 at 7:21 pm to


Claims to be 1975
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 5/29/19 at 7:27 pm to
6.55 out the door for a supreme.

0.25 for a small drink

how will boomers spin this dudes
Posted by FightinTigersDammit
Louisiana North
Member since Mar 2006
46425 posts
Posted on 5/29/19 at 7:33 pm to
quote:

Tell her cars were only$3,000.00 back then, too. Gas was .50c a gallon- I remembe


No, you don't. I remember my Dad buying gas for a dollar a gallon for the first time, in the summer of 1979. We were on our way to a pipeline job where I was making, yes, seven bucks an hour.
Posted by meansonny
ATL
Member since Sep 2012
27015 posts
Posted on 5/29/19 at 7:41 pm to
quote:

Claims to be 1975

Pretty cool find. Cheers!

My memory is off of 1980s (1985 if you want to peg a date) delivery pizza.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41874 posts
Posted on 5/29/19 at 7:51 pm to
quote:

Every company has their own pricing. As a matter of fact, most dominoes and pizza huts were franchise and listed their own prices. Most national pizza commercials in the 80s didn't list prices because of the variances per area.


Yea the cheap places charged 6 or 7 bucks and the expensive places charged 8 or 9.

The point is, your dumbass claim that pizza has halved in price since the 80s is bunk and it's pathetic to try to argue otherwise. Basically proving the OP right.

Boomers make shite up, get shown clear evidence to the contrary and instead of recognizing that it's somehow possible that they were wrong about something, the go to move is to double and triple down. It's sad.
Posted by cleeveclever
Baton Rouge
Member since Aug 2008
2046 posts
Posted on 5/29/19 at 7:54 pm to
quote:


For a median home price of $47k in 1980.

Which is $145k today.


Yup. The house I grew up in was 4 bedroom 2 bath, just under 2k sqft with a decent sized yard. My mom and dad bought it in 1978 for $49k.
Posted by meansonny
ATL
Member since Sep 2012
27015 posts
Posted on 5/29/19 at 7:55 pm to
quote:

Yea the cheap places charged 6 or 7 bucks and the expensive places charged 8 or 9.


So you can give your kid a $5 personal pan pizza. Or your whole family a large 1 topping for $8. Thats not how it worked in the 80s.

Deliveries for a large pizza were often $15. That pizza today is $8. Where is the inflation index again?
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
52621 posts
Posted on 5/29/19 at 7:57 pm to
Ask her how much pot she smoke back in the day, because she dumb.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41874 posts
Posted on 5/29/19 at 7:59 pm to
quote:

That pizza today is $8.


A large dominos pizza is 15.99, before toppings, tax, delivery fee and tip.


Posted by USMEagles
Member since Jan 2018
11811 posts
Posted on 5/29/19 at 8:00 pm to
quote:

Yet people survived, mostly independently.


...only to be mocked by a bunch of losers who just had to go to Rhodes instead of Memphis State, and now bitch about the bill ad nauseum (while wasting their money on fruity beer instead of getting their own houses).

Not a Boomer myself, BTW, just a guy who thinks blaming everything on one's elders (or women, or politicians, or any faceless "other" group that can't defend itself) just defines impotence and stupidity.
Posted by LanierSpots
Gulf of America / Sarasota FL
Member since Sep 2010
71794 posts
Posted on 5/29/19 at 8:00 pm to
quote:

For a median home price of $47k in 1980.

Which is $145k today.


I purchased my first house in 1987. It was a all brick, 1600 sq ft ranch on two acres of land. We negotiated the price down to 47,000. One day before we locked into our loan, the interest rate dropped from 10.75% to 10.0% and we locked in. We celebrated that night because we got such a good interest rate


Posted by fallguy_1978
Best States #50
Member since Feb 2018
53814 posts
Posted on 5/29/19 at 8:04 pm to
quote:

A large dominos pizza is 15.99, before toppings, tax, delivery fee and tip. 

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