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Replying to Avatar mattaroo

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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dead 10mo ago

median wages and costs are a more useful metric

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