A friend of mine sent me a print out on what some prices were on the day I discovered America.
Way back then, a loaf of bread cost nine cents. It’s about twenty times that today - at least where I shop. Gasoline was 21¢ per gallon. It’s only gone up about 1700%. Houses way back then would cost an average of $8,650.00 which surprised me. I bought a very nice house in the mid 70's for less than $10,000. Even in today’s market, you don’t get much for $150,000 anymore.
In the stone age, when I was born, stamps only cost 3¢ and the post office wasn’t going broke. My how things have changed.
The minimum wage was 30¢ per hour and the average income was $2,675 per year. You could get a car for $1,225. A good set of tires cost that today.
Are ready for this? The DOW as at 152. Today it’s up 7500% from that.
All this should mean something. I think way back then, people worked and felt responsible for their own welfare.
However, I did notice that eggs were 63¢ per dozen. It must have been the chickens that started all the trouble with our economy.
PMO
©2010
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