Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: NewJerseyJoe

I was thinking that inflation has gone up about 1000 percent in my lifetime.

When I was a kid, stamps were 8 cents. Now, to be 66 cents. X8.

You could buy a nice house around here for $100,000. Now it’s a million. X10

A cheeseburger would cost maybe 80 cents. Now it’s $5 at least. X7

Gas was like 60 cents a gallon. Now $5 at least. X9

You could get a new car for maybe 3-4000. I just bought a new car for $20,000, good deal. X7

Just riffing on the massive inflation we have been subject to since we are indeed a fiat currency. I earn a lot more, too - minimum wage is higher, etc. - so it is all somewhat relative.


15 posted on 06/30/2023 9:13:58 AM PDT by Persevero (You cannot comply your way out of tyranny. )
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Persevero

When I was a teenager in 1965 (Florida):

A working man could support a family on $12k a year.

Nice house - $24K now $300k

Stamps - 4¢

Cheeseburger 15¢

Gas 33¢ (yes, that was even without counting “gas wars”)

New car $3k (MGB Midget was advertised as the “only true sports car for under $2,000)

Apartment rental? $100 or less vs $1,200 now

What about taxes??? The more worthless dollars you earn, the more you pay in taxes.


26 posted on 06/30/2023 12:25:44 PM PDT by ChildOfThe60s ( If you can remember the 60s.....you weren't really there..)
[ Post Reply | Private Reply | To 15 | View Replies ]

To: Persevero

“I was thinking that inflation has gone up about 1000 percent in my lifetime.”

I just got my wedding ring re-sized. I bought it in 79’ for around $40. The jeweler appraised it at $900. How much inflation is that?


28 posted on 06/30/2023 1:29:36 PM PDT by dljordan
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson