Nostalgic Trends: How Much Did It Cost in the 1960s?
The 1960s (aka The Sixties) was marked by a revolution and counterculture in Music, Arts, Fashion, hairstyles, drugs, and sexual freedom. The 1960s was also marked by demonstrations against the government and The Vietnam War, and assassinations of prominent leaders unfortunately occurred during The Sixties.
So, How Much Did It Cost in the 1960s?
A while back, I wrote a post about what things cost back in 1950.
I mainly wanted to compare prices back then to current prices today.
I grew up in the 1960s listening to The Beatles, eating TV dinners in front of the “black and white” television set, watching I Love Lucy, and enjoying life without internet access and cell phone technology.
Price Comparison
| Product | 1965 | 2009 |
|---|---|---|
| Median Household Income | $6,100 | $48,855 |
| Minumum Wage | $1.25 | $7.25 |
| 1st Class Postage Stamp | $0.05 | $0.44 |
| 1 Gallon of Regular Gasoline | $0.31 | $2.47 |
| 1 Gallon of Milk | $0.95 | $2.99 |
| Movie Tickets | $1.00 | $11.00 |
| Avg Price of a House | $21,500 | $258,000 |
| A Dozen Eggs | $0.53 | $1.79 |
Sources: 1970s Flashback • U.S. House Prices • Average U.S. Movie Tickets
Read The Series
1940s • 1950s • 1960s • 1970s • 1980s • 1990s
In 1965 it took 17,200 hours of minimum wage work to buy a house.
In 2009 it took 35,586 hours of minimum wage work to buy a house.
That is one reason why two people have to work in most households in order to buy a house.(not to mention the effect of interest)
And we wonder why so much breakdowns of the family unit?
The FED must be ended in order to bring equilibrium to the problems we face.
Can’t argue there. It takes two (and sometimes more) incomes to hold down a mortgage.
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