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Subdeacon Joe

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$20???? In 1959???

 

Good lord, that's close to half a week's pay.

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About $175 today, according to an online inflation calculator.

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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

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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.

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I remember seeing those on TV. A pretty sophisticated toy for the era. Kinda long, but it gets interesting around the 3:30 mark.

 

 

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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”

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