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  • Re: Prices then and now (

    From NANCY BACKUS@1:123/140 to JOE MACKEY on Sat Jun 16 13:53:00 2018
    Quoting Joe Mackey to Nancy Backus on 06-14-18 06:23 <=-

    The answer, though, really was we'll pay what we have to to get our
    gas... ;) I remember gas being in the teens... 16 cents or less a
    gallon...

    A lot also has to do with inflation. A gallon of .33 cent gas in
    1970 would be about $2.15 cents today.
    In addition you have various taxes, etc.

    Indeed.

    I enjoy talking to young folk and telling them when I started
    working full time (1968) I made about $50 a week, $200 a month. Out of that I paid rent, utilities, bought a car, gas, clothes, food, etc and still had some (not much) left over.
    They think of salaries today and something costing .25 cents then
    in relation to today.
    Sure we made less then, but things cost less as well.

    It balanced out... and conversely, things cost less, but then they were
    in relation to what we made... often about the same percentage as now...
    It's when that proportion gets skewed that it's not so nice...

    There's a local FB page and once in a while a menu from the old days
    will be posted with say hamburgers .30 cents. The young see that .30 cents in relation to today's .30 cents, not what .30 cents bought 40
    years ago. Joe (as Einstein would say, its all relative)

    And sometimes it's up to us old folks to point out the relation
    between.... ;)

    ttyl neb

    ... Explosion Rocks Kitchen! Cat claims innocence!

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