INFLATION !!!!
Dec 22, 2023 23:19:56 #
This is the menu from the restaurant that was one block away from my high school in 1958. The minimum federal wage that year was $1.00/hr.
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Dec 23, 2023 09:13:56 #
tcthome
Loc: NJ
I was about 4 years young in 1963 & remembering sitting in the back seat of our station wagon & my father complaining about gasoline going up to $.19 a gallon.
Dec 23, 2023 09:25:13 #
Yes, but the median income was $6200 in 1963 - for families headed by college graduates, the median was $9,700...
Dec 23, 2023 09:45:16 #
I believe the banks were offering something around 5% interest on savings accounts back then.
Dec 23, 2023 10:37:52 #
Niklon
Loc: Athens, Ga
I would just like to be able to order some of the items on the menu regardless of price.
Dec 23, 2023 11:03:33 #
DirtFarmer wrote:
I believe the banks were offering something around 5% interest on savings accounts back then.
You know, that's a real good point. If banks had kept pace with inflation, they should be offering about depositors 20% interest on savings accounts. Instead, they've reduced it to less than one-half a percent. Well at least they kept credit interest charges up with inflation; the ads I get show they'll charge up to 29% (more than loan sharks, I think).
Dec 26, 2023 15:35:13 #
By the information given, everything has remained in perspective. Today’s prices are not out of line with this.
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