Subdeacon Joe Posted May 22, 2019 Share Posted May 22, 2019 Link to comment Share on other sites More sharing options...
Alpo Posted May 22, 2019 Share Posted May 22, 2019 $20???? In 1959??? Good lord, that's close to half a week's pay. Link to comment Share on other sites More sharing options...
Three Foot Johnson Posted May 22, 2019 Share Posted May 22, 2019 About $175 today, according to an online inflation calculator. Link to comment Share on other sites More sharing options...
Alpo Posted May 22, 2019 Share Posted May 22, 2019 I disbelieve those calculators. In 1961 my father was going to college on the GI Bill, and working part time at the hospital in the office for a dollar an hour. My mother, a Registered Nurse, was making two dollars an hour. I kinda doubt RNs only make $17.50 an hour these days Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted May 22, 2019 Share Posted May 22, 2019 Some professions have done better than the inflation rate. Link to comment Share on other sites More sharing options...
Three Foot Johnson Posted May 22, 2019 Share Posted May 22, 2019 I would think the inflation calculators would be based on the purchasing power of a dollar, rather than on what a person's income was. Like a gallon of gas @ 25¢, times 9.5 to come up with $2.37 today, or bread @ 20¢ times 9.5 equals $1.90, and so on. Link to comment Share on other sites More sharing options...
Abilene Slim SASS 81783 Posted May 22, 2019 Share Posted May 22, 2019 I remember seeing those on TV. A pretty sophisticated toy for the era. Kinda long, but it gets interesting around the 3:30 mark. Link to comment Share on other sites More sharing options...
Marshal Mo Hare, SASS #45984 Posted May 22, 2019 Share Posted May 22, 2019 1 hour ago, J Bar Binks, #47015 said: I would think the inflation calculators would be based on the purchasing power of a dollar, rather than on what a person's income was. Like a gallon of gas @ 25¢, times 9.5 to come up with $2.37 today, or bread @ 20¢ times 9.5 equals $1.90, and so on. Smokes were 20¢, now $6 (here). Many things fit into the “averages” Link to comment Share on other sites More sharing options...
Pat Riot Posted May 22, 2019 Share Posted May 22, 2019 Perspective: 1959 Ruger Single Six MSRP was $63.25. Ruger Single Six today’s MSRP $629.00 https://ruger.com/products/newModelSingleSixConvertible/models.html Link to comment Share on other sites More sharing options...
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