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To: TheStockFairy who wrote (108462)6/13/2001 1:27:36 PM
From: LLCF  Read Replies (2) | Respond to of 436258
 
<Were people better off financially in 1970 overall? According to their chart, they were socking away dollars and not charging anything.>

What's the implication, that their balance sheet position or quality/quantity of life?? What's the point?

DAK



To: TheStockFairy who wrote (108462)6/13/2001 10:16:16 PM
From: B.REVERE  Respond to of 436258
 
I bought my first car, a 1969 Ford Torino, for $900 in 1970.
That same year old car today would cost around $17000. Since the median salary today for the average middle class family is about $50k, that car would cost one third of my income. Not sure what the median income was in 1970, but
$8-10k sounds about right. What used to cost one tenth of your income now costs one third. Thanks AG for letting us all know that inflation is being contained.

Later,


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