Showing posts with label Way. Show all posts
Showing posts with label Way. Show all posts
Tuesday, July 5, 2016
Saturday, November 14, 2015
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…
Labels:
future,
Something,
Way,
Went Wrong
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