this post was submitted on 31 May 2024
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Bygone Era (lemmy.zip)
submitted 2 months ago* (last edited 2 months ago) by balderdash9 to c/[email protected]
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[–] [email protected] 26 points 2 months ago (2 children)

Furthermore:

  • $25.00 in 1970 is worth $202.03 today
  • $25,000 would be $202,030
  • Home prices vary wildy depending on location and size of the home. It does not seem unreasonable that someone could spend $200 a week on groceries and live in a $200K home.
[–] [email protected] 15 points 2 months ago

So the real question is how did pay in the most common industries keep up with inflation. I don’t think anyone is disputing costs rising at comparable rates. It’s our ability to keep up as earners.

[–] [email protected] 3 points 2 months ago

so, by his numbers, we're paying over 50% more for food and houses.

But they're equally more expensive, so we're getting screwed two ways, not just one.