Something Went Wrong on the Way to the Future

http://bonnerandpartners.com/something-went-wrong-on-the-way-to-the-future/

Just taking the unvarnished numbers, the average working stiff in 1975 earned $8,853 (in 1975 dollars). Now, he earns $36,302.

Ford introduced its F-150 in 1975. We weren’t able to find an exact price, but it appears to have been sold at about $5,000. Today, an F-150 Super Cab sells for about $28,000.

The average new home sold for $39,000 in 1975. Today, it sells for $364,100. In very raw terms, if a man wanted to buy a house and a car in 1975 he had to work just under five years to pay for them. If he wants a house and a car today, he has to work almost 11 years…