What cost $5.62 in 1962 would cost $40.06 in 2010. .
A common wage in that time period was under fifty-cents per hour, too.
Whoa hold up a minute, it isn’t all bad. Oil cost $3.00/bbl back then.
Mrs. C and I were living in Fayetteville in late 68 and early 69. We went up to spend Christmas with her Mom. A couple of days after Christmas my dearest was hit by a really bad craving(pica) for watermelon.
I had the darnedest time finding one. Finally did in a deli that supplied the rich borough just south of what is now A_Sheville, NC. Paid $5.00 for it. Now they cost three or four bucks in today’s money.
Trade with Chile, lower prices. The 68 price in today’s oil prices would be near about $150.00 in 0bama dollars.
A computer now costs under a grand fully flexed out. Then one cost anywhere from thirty grand up to nearly a million.
Better hitting a double(second base) than falling in the grand canyon on a first date.(IMHO)
Caddis the Elder
I should have kept my first car - a 1955 Pontiac - I bought used in 1966 for $250, and sold in 1969 for $250.
With inflation that $250 purchase would have been worth $1,660.95 in 2010. Yet, on Ebay a couple years ago I found three 1955 Pontiacs exactly like my old one, and all for sale for $30,000. That “investment” would have been WAY ahead of inflation. (Now, don’t spoil the idea with reminders about the “cost of ownership”).
P.S. To Nachum - I think the video is 1957; that’s what the date MCMLVII means (in the opening credits), and I saw no cars older than ‘57 in the footage.
That would make the $5.63 grocery tab in 1957 worth $43.19 in 2010.
While you don’t see the cashier wring up everything, you do see her wring up most of the items and with most of the items everything is priced below $0.50. That part was interesting in itself.