- 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
2
Posted on 8/17/19 at 3:38 pm to rooster108bm
My wife and I graduated from LSU in 1973 and our first teaching jobs we made $14,900 together in LA. We retired in 2012 from Gwinnett County, GA schools (both classroom teachers) and our family income was over $165,000. We were infinitely better off in 2012 than we were anytime in the 1970s. Virtually nothing we bought regularly went up nearly as much as our income did during that 39 years.
Posted on 8/17/19 at 3:46 pm to NC_Tigah
Mom went to Shades Valley. She was there the day they integrated, it was the first time she ever heard the f word or someone talking back disrespectfully to teachers
Posted on 8/17/19 at 3:48 pm to Champagne
quote:
LSU football season tickets.
Daaang!!
Posted on 8/17/19 at 3:49 pm to Zahrim
quote:
Back in the late 60s when my dad worked for bell and hughs as an engeneer (doing cool shite like being on the team that rewrote NASA safety rules after the capsule fire) his overtime rate was $2.50 per hour.
So a 40 hour week for an engineer would yield the equivalent of 700 a week today. 36k a year in today’s dollars
What do engineers make today?
Posted on 8/17/19 at 3:50 pm to GeorgeWest
quote:
We were infinitely better off in 2012 than we were anytime in the 1970s.
Yes sir. I'm old enough to remember the day my dad installed air conditioning. I've always been amazed at how people complain about the price of a gallon of gasoline considering the process it now takes to make it. Raise hell about gas but a gallon of milk costs more. Hell, water is over a $1 for a 20oz bottle. Lol
This post was edited on 8/17/19 at 3:52 pm
Posted on 8/17/19 at 3:54 pm to rooster108bm
That A/C unit from the 70s is probably still working, while all the ones from like 2003 are dead
Posted on 8/17/19 at 4:01 pm to genro
Mines been struggling the last few days. Lol
Posted on 8/17/19 at 4:01 pm to Zahrim
Hmm.... I don't believe you gif goes here. Was he on salary and you are dividing his annual income by the hours he worked?
Posted on 8/17/19 at 4:05 pm to lsu480
quote:
Now do if you had put that dollar in the stock market
Perspective is really interesting. In 1969 an RCA 23" TV-Phono Console cost $975. That's about $6800 today. It picked up 5 channels (if you got the UHF antenna working) with awful resolution.
"Pong" hadn't yet been invented, but it was about $100 ($700 today) when it first came out a few years later.
Middle class homes were smaller, with tiny&cheap appliances, linoleum floors, formica counters, and hollow interior doors. Adding a 650 watt microwave oven @ $495 would run >$3400 in today's money.
Meanwhile inflation adjusted median income in the 1970's was ~15-20% below present levels.
Then again, things were simpler then. They only had two genders to contend with.
Posted on 8/17/19 at 4:08 pm to Champagne
quote:
We know that salaries have increased.
Average household income in 1969: $9,543.99
Average household income today (2017): $59,039.00
1969 average income adjusted for 1970: $63,744.49
This means that since 1969 the value of the average household income has decreased by: $4,705.49 or 7.4%.
Posted on 8/17/19 at 4:18 pm to Champagne
So the value of the dollar has multiplied by 7 in 50 years, but in less than 40 years we have 400 times as many millionaires. Inequality my arse!
Posted on 8/17/19 at 4:19 pm to Bard
quote:Doubtful.
Average household income in 1969: $9,543.99
But the number oft used is median rather than average.
Median income in 1969 was ~$9.4K as it jumped ~9.5% from 1968.
As a result, 1969 is one of the few years in the "Golden Age of the Middle Class" where US median income actually approximated today's median income.
Posted on 8/17/19 at 4:24 pm to Bard
Here is an illustration
Posted on 8/17/19 at 4:32 pm to NC_Tigah
quote:
My G-parents lived near there on Shades Mtn/ShadesCrestRd.
So do I, apparently close to them.
Not to diminish OP's point (on Vestavia/Cahaba Heights) but we are comfortable: still OK on one salary, two kids, house etc. without both parents working.
Although I've watched a corvette go from $5k when I was young to $70k and houses/real-estate jump, many things are vastly less expensive. Several thousand dollar computer, probably a few hundred dollars now. Microwaves, TV's almost anything electronic has fallen.
Plus the internet has evened the playing field in many areas. I've worked with three colleagues over the past 10 years who were NOT technical. Each repaired their own flat-screen TV's from info they found on YouTube.
There is no question many things are more expensive but still, it's about the sacrifices one makes (a lesson to myself as well...lol). I suggest first not falling into the trappings of vogue products-- everyone doesn't need an iPhone. Yet I notice even homeless in LA often have them (and subsidized cell service). I often notice when approached by people 'spanging' for cash, they have nicer, newer smartphones than I do. H'mmm.
Posted on 8/17/19 at 4:39 pm to captainFid
quote:
There is no question many things are more expensive but still, it's about the sacrifices one makes (a lesson to myself as well...lol). I suggest first not falling into the trappings of vogue products-- everyone doesn't need an iPhone. Yet I notice even homeless in LA often have them (and subsidized cell service). I often notice when approached by people 'spanging' for cash, they have nicer, newer smartphones than I do. H'mmm.
Damn what a novel idea. If you want something go out and work for it.
Posted on 8/17/19 at 4:46 pm to Crimson Wraith
11 years 6 months and 11 days.
Posted on 8/17/19 at 4:54 pm to captainFid
quote:They've passed.
So do I, apparently close to them.
Built near the highest overlook on the road.
No one had built on the downslope side when they did in the 1960's. Industrial steel to cantilever the driveway. Overlooked a half mile of wooded slope to Shades Creek.
Later as a kid, I hiked that mountain to Shades Creek many times. Hand-fed flying squirrels at night. Great memories.
Posted on 8/17/19 at 4:58 pm to NC_Tigah
quote:
quote: Meauxjeaux
quote: Given current inflation . . .
I presume you understand the relevance. Run the numbers at 1%-2% inflation.
Do I think inflation at <2% will persist. No. But that is where we are currently.
Going back 20 years as opposed to 50, $100 in 1999 = $154 now.
Dammit NC, lemme have my OT tree fiddy moment.
Posted on 8/17/19 at 5:08 pm to Champagne
My dad was a high school coach and teacher is 1969 and made $3,700 annually.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News