You think we’ll ever see prices like this again?
Average income in 1955 was $4,137
Average income today is $31,133
This represents a 652.65% increase our pay.
Wow! Sounds good, right?
Not really… when compared to how expensive everything else is.
New House in 1955 was $10,950
New House today averages $430,300
• This represents a 3829.68% increase
New Car in 1955 was $1,900.00
New car today averages $57,062.
• This represents a 2887.54% increase
Rent in 1955 was $87
Rent today averages $1,372
• This represents a 1477.01% increase
Harvard University tuition in 1955 was $800 per year
Harvard University tuition today averages $57,261 per year
• This represents an increase of 7057.63% increase
Gallon of gas in 1955 was $.23
Gallon of gas today averages $3.47
• This represents an increase of 1408.7% increase
Movie ticket in 1955 was $.75
Movie ticket today is $10.53
• This represents a 1304% increase
Bacon in 1955 $.58
Bacon today averages
• This represents a 1100% increase
Eggs in 1955 $.27 per dozen
Eggs today averages $2.14 (it was $4.82 last year)
• $2.14 represents a 692.593% increase
What do you notice?
Some metrics might be off a teeny bit due to what your source is… I used national averages.
