Quote:
Originally Posted by taylor192
Inflation should be a good approximation of cost of living, as inflation includes food and gas.
You can also pick on the word "income" as most wealth people don't earn traditional "income".
You definitely need to take the graphs with a grain of salt, as well as people's general tone. My grandparents showed me pictures of what growing up was like 5 decades ago, and we are much better off than they were, despite the tone that we think we are not.
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Well, I just did a bit of a comparison-just for fun so everyone here can blow this wide open.
BUT
if a house in 1979 was bought for $10,000 which according to a graph found here, was do-able
http://storage.ubertor.com/cl5508/co...ument/1535.pdf
that same thing would be $30,000 ish today
For fun...let's say we are ballers in 1979, and bought a house for $100,000...its still only 300,000 today. Of course, 1979 is the year that wages were the same on that graph.
according to
The Inflation Calculator
Oh...I doubt that will show my calculation.
As much as we can all judge these neo-hippie hipsters as not being a great representation of the cause, I think its important to know that there is a point to all this.
PLUS-it has been shown time and time again that when income inequality rises, so do the problems of crime and drugs...which has proliferated in the last 30 years(well, kind of, Canada's crime rate has been dropping)
Edit:
And yes, I understand the irony of using "average" numbers in this crappy little study performed in under 30 seconds
