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Politics : Right Wing Extremist Thread
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To: Neocon who wrote (13214)7/27/2001 3:59:10 AM
From: Father Terrence  Read Replies (2) of 59480
 
I had some bookmarked a couple years ago, I don't have them now. But if you go to sources on inflation (use a search engine like directhit.com or google) you should easily be able to find some yourself.

Here's an even better example: One dollar in 1900 = approx. 66.67 dollars today. Therefore, to equal the single wage income of 1900 (avg. approx. 700/year) the single wage earner would have to earn about $46,670/year in today's dollars just to keep the buying power of 100 years ago. That would mean NO GROWTH in buying power at all over 100 years! Yet, the sad fact is that the average household income in America today is less than $35,000 -- and since many of those households have TWO wage earners the actual picture is even bleaker. Have you ever wondered why consumer debt is so high and why so many people can't make ends meet?

Now you know the answer.
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