1975 Average Wage: Approximately = $7,600 to $8,000 per year (about $150 per week). Current Average Wage: Exceeds $102,000 per year $1,960 per week). Wage Growth: Wages have nominally increased by roughly 12-13 times.
Older American is asked how much she thinks it cost to fill up your gas tank
She guesses $20
Her mind is literally blown when she’s told how much the cost is today
- Since the Federal Reserve was created the US dollar has lost 98% of its value
- A dozen eggs that cost $1.00 in 1970 now average over $4.00–$6.00
- The average new car in 1975 cost around $4,500. Today the average new car costs over $48,000
- A first-class postage stamp cost 15 cents in 1980. Today it costs 73 cents
- The median US home price in 1970 was about $23,000. Today it’s over $420,000 nationally (around $800,000 in California)
- A gallon of milk that cost roughly $1.10 in the early 1980s now costs $3.80–$4.50 on average
Our quality of life has been absolutely destroyed by the devaluing of our money
End the Fed