New House: $25,200.00
Average Income: $10,622.00 per year
New Car: $3,560.00
Average Rent: $150.00 per month
Tuition to Harvard University: $2,600.00 per year
Movie Ticket: $1.50 each
Gasoline: 40¢ per gallon
United States Postage Stamp: 8¢ each
Whether due to currency debasement, globalization, or overpopulation, the disparity in cost of living between the two eras is staggering.
Similar (?) items based on near top results of google searches today:
The greatest takeaway for me is that everyone is FAR worse off today and in my generation.
US nationally (today 2021) about 85K is equivalent to the cited 25K 1971 numbers. :: ~10X cost of living (edited, I unconsciously compared to the wrong number.)
Seattle is far more distorted, with housing beyond out of control (I don't know what kind of house was being looked at for the 1971 numbers, but it really doesn't matter, there's almost nothing even remotely near the national price within the region). ::
Seattle's rent is completely out of control; beyond any rational measure. No wonder neither I nor my generation can make any savings; it's all being consumed by rent seeking land owners.
Income 10600 %Income71
House 25200 237.736
Car 3600 33.962
RentYear 1800 16.981
UniYear 2600 24.528
Gas5000mi 100 0.943
Mail500invite 40 0.377
-
USA 2021 Equiv71
House 269000 113151
Car 30500 89806
RentYear 14400 84800
UniYear 26100 106408
Gas5000mi 483.33 51233
Mail500invite 290 76850
-
Seattle 2021 Equiv71
House 750000 315476
Car 30500 89806
RentYear 36000 212000
UniYear 31200 127200
Gas5000mi 533.33 56533
Mail500invite 290 76850
[1]: https://wtfhappenedin1971.com