Skip to comments.What $5.63 Bought Back In 1962...The American Food Store
Posted on 05/29/2011 10:23:38 PM PDT by Dallas59
I was about that young boys age in 1962. Kids behaved in public or we got our butts swatted.
I especially liked the commenter who calculated the cost of groceries in today’s prices/wages. Really makes you think...especially if, like me, you went grocery shopping today and went googly-eyed at the price of certain things.
But hey, Washington says there’s no inflation. So, no worries! And we’ve always been at war with EastAsia!
I wasn’t around in ‘62, but my parents had the same philosophy. Us kids behaved in public or we got our backsides warmed. It never ceases to amaze me the behavior some parents will allow from their children in a store or a restaurant these days.
Dad made $25 a week...almost 6 bucks for food was alot.
In today's world, you speak tough at a kid and you go to jail.
I’m having a tougher and tougher time watching stuff like this. It makes me so melancholic when I think about what America was.
Thanks. I was six in 62. Same car and almost identical store. Paper only and no plastic. $5.63! Paychecks average about 100 a week and the split level mortgage was $82. Car payments were less than $10 a month and Mom stayed at home to take care of the four of us. Shoes were a bit on the expensive side. Our family also had money left over to save. What more can I say. Thank you inflation and fiat currency.
Yep, we’d be bailing our parents out of jail today. My Dad would be 93 now and he’d be sick if he saw the world today. He was a World War II vet and they were definately old school.
Actually, the copyright date on the film is 1957 (MCMLVII), not 1962 (MCMLXII). The hairstyles also give it away!
I do too.
But every generation thirsts for the past.
We are going down a strange road. But perhaps the upstanding youth (and there are many) will carry us to a secure future.
This country will never be as in our youth again..but maybe the current youth can carry us forward in a positive direction.
That is my prayer.
My GrandDad would be sad too, how the USA has evolved.
I was born in 1951 and I think you and I are about the same age because we have similar memories.
I don't know whether to thank you or curse you
In 1962 we had a family of three, I was making couple bucks an hour and thought I picking in tall cotton. In 1963 we bought our first new car, a Plymouth Valiant, $1700.00 out the door.
Now for the silver: 5.60 times .72 (ounces of silver in $1.00 face value coinage at 90%) equals 4.032 ounces of silver, worth 37.96/oz. spot at the time of this posting, or $153.05 in today's market.
One of those silver quarters is worth $6.83 today (as silver), still better than a gallon of gas...
Sure wish I still had the dimes I fed Coke machines back in the day...
Computers, microwaves, cell phones and on and on.
The morals that many claim have declined, maybe true. But I think that is a result of “an easy life”.
I can't tell the young not to take advantage of the conveniences our world offers, when I am not willing to deny it myself.
In 1962, my parent’s nearly new, California ranch-style 3-2-2 was worth around $15,000 and the monthly mortgage payment was around $100 a month.
I’ve often said that the real value of things doesn’t change a whole lot - only our paper money does. I’m sure that you could buy the same (or equivalent) house today for the same amount of gold that it would have fetched when it was new.
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