this post was submitted on 31 May 2024
870 points (95.7% liked)

memes

9806 readers
10 users here now

Community rules

1. Be civilNo trolling, bigotry or other insulting / annoying behaviour

2. No politicsThis is non-politics community. For political memes please go to [email protected]

3. No recent repostsCheck for reposts when posting a meme, you can only repost after 1 month

4. No botsNo bots without the express approval of the mods or the admins

5. No Spam/AdsNo advertisements or spam. This is an instance rule and the only way to live.

Sister communities

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
870
Bygone Era (lemmy.zip)
submitted 5 months ago* (last edited 5 months ago) by [email protected] to c/[email protected]
93 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 26 points 5 months ago (2 children)

Furthermore:

  • $25.00 in 1970 is worth $202.03 today
  • $25,000 would be $202,030
  • Home prices vary wildy depending on location and size of the home. It does not seem unreasonable that someone could spend $200 a week on groceries and live in a $200K home.
[–] [email protected] 15 points 5 months ago

So the real question is how did pay in the most common industries keep up with inflation. I don’t think anyone is disputing costs rising at comparable rates. It’s our ability to keep up as earners.

[–] [email protected] 3 points 5 months ago

so, by his numbers, we're paying over 50% more for food and houses.

But they're equally more expensive, so we're getting screwed two ways, not just one.