All – here is a great picture showing common household items in 1962. I’m drooling over how cheap housing was back then.
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Huh… I just put a zero after each number and noticed how much cheaper food is now, but how much more housing and education are, but then again we demand bigger houses and schools with palaces for dorms, so I suppose that balances out…. Since I live in a modest house and don’t gorge myself, I think I come out ahead!
Wow, crazy how much inflation can affect prices in 50 years. I’m sure 50 years from now we’ll be commenting on how cheap everything was back in 2013.
So did you have to buy 3 dozen eggs at a time? The half-cent was discontinued in 1857.
@PK – You read my mind! I hate it when they put “.32c” because you’re right! You’d have to purchase three of them for a penny! Some people just don’t understand. I’ve tried explaining this to people before and they just don’t get it!!!! When I worked in retail, and they had me write it that way above…I refused. I refused because it’s just plain WRONG and doesn’t make sense!
Thank you, PK, for your comment. It made my day to see someone smart enough to understand that.
Oh, and what’s the difference between .4c and .40c? They’re the SAME NUMBER :-P
Hi All,
When you compare prices today (2013) vs those 50 years ago (1952) and the long run impact of inflation becomes very clear. Perhaps the lesson here is to be sure that your savings and wealth building account for the long term impact of inflation.
Best,
James