The average wage was about $5,400 in 1925. Today, it’s $60,000 according to the Labor department. That puts the gain at eleven times. But the cost of a new Ford truck (basic, working man’s model) has gone up from $500 to $42,000 – 83 times.

In 1925, it took a wage earner only a bit more than a single year’s work to buy an average house. Now, it takes more than eight years. But for an investor, it took only the equivalent of 50 Dows to buy a house a hundred years ago. Now, it takes only twelve. It’s all a bit puzzling and confusing.

Source: Bonner Research

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Discussion

median wages and costs are a more useful metric

i think to buy a house it takes 30 years and not 8

Not that a Ford truck is that important for most but will be interesting to see how the price for one is affected if promised aluminum tariff comes.

They make trucks using aluminium in America 😱

It’s puzzling and confusing by design. We were never meant to have nice things