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Monday, January 24, 2011

1971 v 2011 - Why Everyday people struggle

~ TV Guide Nov 20-26, 1971- "All In The Family"

If you had $50 back in 1971, that would equal $265 today.

That's an increase of 530% on the original $50 then to make purchases in 2011.

And yet, the cost of food & basics have gone up more than that percentage:

Cereal 12oz box:     1971 - 36 cents;   2011 - $2.99 --  830% Increase

Oreos 16oz box:     1971 - 49 cents;   2011 - $3.59 --  732% Increase

Coke 12 pack:        1971 - 49 cents;   2011 - $3.79 --  773% Increase

Strawberries 1lb:     1971 - 26 cents;   2011 - $2.99 --  1150% Iincrease

Dandruff Shampoo: 1971 - 79 cents;   2011 - $4.79 --  Increase over 606%

1st Class Stamp ea:  1971 - 6 cents;   2011 - 44 cents --  733% Increase

~ TV Guide July 10-16,1971  "Cookie Monster"

-- Now, here's where the Inflation is really felt:

Average home price: 1971 - $28,300;  2011 - $212,400 -- 751% Increase

Average car price:     1971 - $ 3,000;  2011 - $20,000   --  667% Increase

Average gas price:    1971 - 40cents/gal;  2011 - $3.25/gal  -- 813% Increase

Tuition-1 semester* (U Texas): 1971 - $600;  2011 - $4,700 -- 783% Increase
     *  state residents
  
And Yet...

Median Household Income:  1971 - $9,028;  2011 - $46,326 -- 513% Increase

~ TV Guide March 16-22, 1971  "Carol Burnett Show"

-- So you see-- the money has increased 530% in value and median household income increased 513% YET every essential from food to automobile to home has gone up on average 600 - 900%.

This is the reason why so many people work much harder and longer hours just to keep up with those who lived in 1971.

This is also a major reason why there has been such a surge in the need for credit cards, 2nd mortgages and the crushing mountains of debt slavery which follows-  because everything really Does cost more then it did then, and living wages haven't kept up with that price increase.  And while the higher increases in soda or fruit do not seem that significant, when you definitely notice the dramatic percentage increases in cars, gasoline and homes

1 comment:

  1. No comments? I would have thought there would have been a flood! This economy is an outrage and we are creating a caste system of haves and have-nots! Also, we are creating an economy where we all work for the government, not the other way around. I am not a liberal democrat, either. Nor am I conservative republican. Like most Americans I am in the middle wondering what the heck our government is doing! In addition to the above, it would be interesting to also add in basic clothing like jeans (not designer), blouse, shirt, skirt, underwear, jacket, coat. Also, I read somewhere that in an attempt circumvent voter initiatives limiting tax increase, governments have added lots of new fees...to the point that if you add up all the fees, taxes, and surcharges the taxes paid by citizens have nearly tripled after being adjusted for inflation. We are earning less and being taxed more! Nice article, just wish you included more basics in the basket of goods (not the phoney one used by government to hide true inflation).

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