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To: Grubwart

1913 to 2013. The dollar debased to the tune of 97%. Roughly, what cost a penny in 1913 costs a dollar today.

In 1975 I made 10.00 an hour, my mortgage payment was 179.00 PITI per month. (New construction 3 BR house, zero down on 18,000 purchase price)

House payment less than half of my weekly income.

To make the equivalent wage today, one would have to earn 43.00 an hour.

(St Louis Federal Reserve Bank inflation calculator—the figures cited are over a year old which was the last time I checked)


39 posted on 05/05/2014 5:35:11 AM PDT by the anti-mahdi
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To: the anti-mahdi
"1913 to 2013. The dollar debased to the tune of 97%. Roughly, what cost a penny in 1913 costs a dollar today."

The Creature From Jekyll Island
(What happened in 1913)

40 posted on 05/05/2014 7:03:56 AM PDT by blam
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