old woman
Full time employment: Posting here.
- Joined
- Dec 22, 2005
- Messages
- 567
I have a near perfect memory for prices and have been paying attention for about 50 years, living away from parents for 41 years. My first job paid about 50 cents a day but I was 7, when I was a teen I got 25 cents to 50 cents an hour to babysit or $10 per week for the entire summer. First real job paid 1.25 and it was plenty of money to live on. I got a studio apartment for $67 a month including utilities, so I had plenty of money for buying my first pots and pans, dishes, glasses, flatware, I spent $28 at Tall's camera supply for the entire set. Hamburger was 39 to 49 per pound but I could get canned chili beans without meat for 10 cents. With buying bedding and things I couldn't afford a lot of food so tried to live on about 25 cents a day, I lost a lot of weight that way and passed out from low blood sugar from not eating.
Most food items have gone up about 10 times what they were in 1966 but compared to wages they have gone way down. I am making more than 20 times as much as I was then. I expect before I die food will be 10X what it is now but you can adjust by shopping for bargains like chicken is almost exactly what it has always been. Buying a home even if you have a mortgage freezes part of your cost of living and if you have other sources of income that are adjusted for inflation you can become better off once you freeze some cost.
Most food items have gone up about 10 times what they were in 1966 but compared to wages they have gone way down. I am making more than 20 times as much as I was then. I expect before I die food will be 10X what it is now but you can adjust by shopping for bargains like chicken is almost exactly what it has always been. Buying a home even if you have a mortgage freezes part of your cost of living and if you have other sources of income that are adjusted for inflation you can become better off once you freeze some cost.