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$50,000 home, is now over $200,000 for the same footprint and amenities.
$9000 p/u truck, is now $36,000
The only thing that has not increased.... Income for manual labor.
Where are you getting your pricing from??
Gas in my area last month was $.99-$1.25 a gallon (I just filled up this past Tuesday for $2.09 a gallon and got $.50 off that due to my Kroger discount)
We have homes in my area that go for less than $10k (still recovering from housing crash)
I doubt a F150 or Chevy Silverado was $9000 brand new in 2000....Those are pretty expensive trucks, maybe $20,000-$25,000 but not $9,000.
ETA: in regards to manual labor jobs, it depends on what jobs. My spouse actually stopped working in a professional office a few years ago and decided this past year to take a production/manual labor job just to see what it was like. He started at $12 an hour, which is pretty good around here for a starting wage. He stayed at that job less than a year and by the time he left he was making $17 an hour, which is a very good wage around here and you could live comfortably (he worked the job to save money to start his own business, which is what he now does). He told me how people around here like to complain about there being no "good paying jobs" or "no jobs" at all and yet he went to a temp agency on a Tuesday and was working by a Wednesday. He said it was a very tough job physically and nearly ever young guy that came into the outfit quit the first day because they had to constantly move and pick stuff up. He was also tired but enjoyed having a job where he could move around (he used to work in the legal field and had a desk job for 15 years). After a month his body got used to it. The company hired him on full time (bought him out from the temp agency) within 3 months and he got the $5 raise due to that. That company gives really good raises and is a union job.
So it depends on where people live and what sort of job the individual is looking for. Where I live, it is common for people to make complaints like you are making, yet many times, those complaining about wages especially are just lazy people who will not work a hard, physically demanding job, not even for a good wage. They would rather work an easier, low wage job and complain about them not having any opportunities for more.
Not too long ago I read that the value of the US Dollar has dropped by about 90% since the creation of the Federal Reserve.
This is by design.
Currencies are not supposed to be a store of value. If they were, nobody would invest in new enterprises, people would just horde cash "under the mattress" and wait for its value to go up.
The system is designed for people to invest in the stock market, the bond market, or real estate -- to try and put their money to work. The currency is supposed to depreciate slightly and steadily year-over-year.
I really don't think that a $1.50 hamburger in 2000 would cost $6 today. Nor would a $9000 truck in 2000 cost $36,000 today. Nor a $50,000 home in 2000 cost $200,000 today. The gasoline one: maybe, but that one is weird.
Nice try though.
don't get much?? I just paid $6 for a fast food salad!
don't get much?? I just paid $6 for a fast food salad!
Those $6 fast food salads were like $3.50 in 2000 though.
But things like laptops really haven't increased in price at all over the past 16 years. I think the one I bought in 2002 was about $400, and you could still get one for about $400 today. I don't think clothing has increased much in price either. I know there are a bunch more specialty food products out there today than in 2000, which tend to be more expensive, so people are probably spending a disproportionate amount of money on grilled arugula with a touch of basil in an Asian cuisine-inspired smoky bacon barbecue sauce than a McDonald's Value Meal in the late 1990s or something.
You right on the trucks..... I was thinking all the way back to 92 on that one(my bad), when I bought my first new truck.... Not 2000. I bought a used no frills 99 F-250 in 2001 for $20,000
But the hamburger deal is legit!! Serious, and I'm not talking Mickey D's. I was going on the "Sonic Drive-in " scale
I could go back to the 60's on pricing and really show the cost of living increase, but at the same time, wages were also increasing and keeping up. That went stagnant in the mid 1990's.
A cheeseburger from Sonic today is $4, not $6. So your numbers are still incorrect. Maybe if you showed where you got this information from, then we could figure out why you are incorrect with the data.
In 98, I bought a Town and Country top of the line. It was 38,000. The hous e that was sold in Dallas was a plain 3/2 with 2 living areas sold for 259. Uppity house in Houston 325.
If that house in Dallas went on the market today, it would be 475ish. The Houston suburb one, was lucky to get 375. That was after adding new Windows, kitchen, floors, hvac, Yada Yada.
A cheeseburger from Sonic today is $4, not $6. So your numbers are still incorrect. Maybe if you showed where you got this information from, then we could figure out why you are incorrect with the data.
Maybe where you are. To be exact, it is $6.39 for a Hamburger at Sonic here.
In 2000 I was paying .79¢ for the hamburger and .49¢ for the fries and a the coke was .59¢ about $1.50 total.
Maybe where you are. To be exact, it is $6.39 for a Hamburger at Sonic here.
In 2000 I was paying .79¢ for the hamburger and .49¢ for the fries and a the coke was .59¢ about $1.50 total.
That would be your local cost of living and inflation on a more local level, but the cost I looked up was the cost a sonics cheeseburger on a national level.
Maybe you should have been specific that you are only referring to prices where you lived based off what you think you remember them being years ago, rather rehab anything factual.
Until then, I will patiently wait for the data that backs up your claim because from what we have seen so far, the OP was completely incorrect.
Bad data or you are simply making it up. I take it you don't make financial forecasts for a living. Peace out.
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