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cost of living 86 years ago (sh.itjust.works)

submitted 11 months ago by can to c/[email protected]

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[–] [email protected] 23 points 11 months ago (22 children)

Average income of $1,731/yr is equivalent to $37,393 in present dollars. Current average wage is $63,795.

[–] [email protected] 46 points 11 months ago (15 children)

Yes but a house would only cost $84,240 in todays dollars. It's all relative.

[–] [email protected] 32 points 11 months ago* (last edited 11 months ago) (8 children)

Which begs the question, is $1,731 really equivalent to $37,393? Because it sure sounds like we aren't using the right metric for that conversion.

[–] JasSmith 1 points 11 months ago

This is the right question. Many goods and services have far eclipsed the average rate of inflation. Housing being one of them. But hey, we can buy cheap TVs now, so it all balances out, right?

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