Life 75 Years Ago Compared To Now! (the cost of living)

I found a couple of dozen old newspaper in the far corner of the attic.  It was probably some of the most interesting read I've had for quite a while as they dated back to the years of 1933 to 1934. I made up a list from the ads that were in these papers. Here is a list comparing the prices of the past to today's.

2007-2008

New Cars

  • starting at $13,500 the sky is the limit

Clothing

  • Men's shoes, sport, 49.95/pair

  • Men's slacks, 39.95/pair

  • Women's cotton blouse, 29.95each

  • Women's wool coat, 199.95each

Food & beverages

Meat

  • Beef, prime rib roast, 6.99/lb

  • Beef, chuck roast, 3.99/lb

  • Minced Veal, 4.49/lb

  • Ground Beef, medium, 2.99/lb

  • Chicken,whole frozen2.29/lb

  • Duck, whole frozen 4.39/lb

  • Lamb chops, 8.99/lb

  • Side bacon, 4.29/lb

Fish

  • Atlantic sole, 3.99/lb

  • Salmon steak, 5.79/lb

Staples

  • Bread, white, 1.59/20 oz loaf

  • Cereal, Corn Flakes, 3.99/lb pkg

  • Eggs 1.99/dozen

  • Sugar, granulated, 3.29/5 lbs

  • Flour, 18.99/50 lbs

  • Coffee, 5.99/lb

  • Doughnuts, jelly, 3.99/dozen

Dairy

  • Milk, 1.19/quart

  • Milk,evaporated, 1.19/12oz cans

  • Sour cream 1.19/pint

  • Cheese, Cheddar, med, 12.99/lb

  • Ice cream, 2.29/quart

Fruit & Veggies

  • Oranges, California, 3.99/dozen

  • Lemons, Sunkist, 3.99/dozen

  • Lettuce, iceberg, 1.29/head

  • Cucumbers, 1.59/3

Can & Jar Goods

  • Mushrooms,sliced, 1.39/6 oz can

  • Olives, stuffed, 4.49/11 oz bottle

  • Miracle Whip, 2.99/pint

  • Peanut-butter, 3.99/lb jar

  • Tomato soup, .89/12 oz can

Household goods

  • Laundry soap, 4.99/45 loads

  • Lightbulbs, Westinghouse, 1.19/each

  • Paint, NO lead & zinc, 39.99/gallon

  • Towels, 21" X 42", 6.99 each

Personal care & health

  • Aspirin, 5 grain strength, 1.79/12 pill

  • Laxative, Ex Lax, 3.79/pkg

  • Razor, sensor, 5.99/5 pack

  • Shampoo, Pantene, 5.99/bottle

  • Soap, Irish Spring, 1.39/cake

  • Baby powder, 3.99/pkg

Home & garden & lawn equipment

  • Adirondack chair, unfinished, 129.00 each

  • Rake, bamboo, 18", 18.99/each

  • Range, gas, from 689.00/each

  • Refrigerator, from 989.00/each

Houses for sale

  • Average 2-3 bedroom, from 100,000.00

Houses for rent

  • 3 bedroom home, from 875.00/month

Apartments for rent

  • 2 bedroom, from 700.00/ month

Recreation & amusements

  • Banana split, 4.29/each

  • Baseball game, 25.00/admission

  • Dance, at a Club 25.00/couple

  • Lunch, starting from 7.99/plate

  • Movie ticket, 5.50/matinee; 9.50/evening


Lets compare the prices of 1933-34 to

New Cars

  • Various models, starting at $445.00-565.00

Clothing

  • Men's shoes, sport, 3.00/pair

  • Men's slacks, 1.95/pair

  • Women's cotton blouse, .39each

  • Women's wool coat, 6.75each

Food & beverages

Meat

  • Beef, prime rib roast, .27/lb

  • Beef, chuck roast, .5/lb

  • Minced Veal, .6/lb

  • Ground Beef, medium, .4/lb

  • Chicken,whole frozen .19/lb

  • Duck, whole frozen .22/lb

  • Lamb chops, .21/lb

  • Side bacon, .21/lb

Fish

  • Atlantic sole, .9/lb

  • Salmon steak, .25/lb

Staples

  • Bread, white, .06/20 oz loaf

  • Cereal, Corn Flakes, .07/pkg

  • Eggs .14/dozen

  • Sugar, granulated, .24/5 lbs

  • Flour, 1.03/50 lb bag

  • Coffee,.23/lb

  • Doughnuts, jelly, .17/dozen

Dairy

  • Milk,.16/quart

  • Milk,evaporated, .17/3 tall cans

  • Sour cream .6/pint

  • Cheese, Cheddar, .23/lb

  • Ice cream, .39/quart

Fruit & Veggies

  • Oranges, California, .21/dozen

  • Lemons, Sunkist, .19/12

  • Lettuce, iceberg, .10/head

  • Cucumbers, .10/3

Can & Jar Goods

  • Mushrooms,sliced, .15/4 oz can

  • Olives, stuffed, .25/11 oz bottle

  • Kraft, Miracle Whip, .10/half pint

  • Peanutbutter, .25/2 lbs jar

  • Tomato soup, .7/12oz can

Household goods

  • Laundry soap 25/9bars

  • Lightbulbs, Westinghouse, .18/each

  • Paint, lead & zinc, 2.75/gallon

  • Towels,21" X 42", 1.00/6

Personal care & health

  • Aspirin, .09/12 pill

  • Laxative, Ex Lax, .13/pkg

  • Razor, gold plated, .19/each

  • Shampoo, Palmolive, .29/bottle

  • Soap, Life Buoy, .05/cake

  • Baby powder, .14/pkg

Home & garden & lawn equipment

  • Chair, Adirondack, unfinished, 1.98

  • Rake, bamboo, 18", .15/each

  • Range, gas, 68.25/each

  • Refrigerator, 96.00/each

Houses for sale

  • Average 6 rooms, from 4750.00

Houses for rent

  • 6 room house,from 22.50/month

Apartments for rent

  • 5 rooms, from 35.00/month

Recreation & amusements

  • Banana split, .16/each

  • Baseball game, .35/admission

  • Dance, at a Club 2.50/couple

  • Lunch, from .50/plate

  • Movie ticket, .10/matinee; .20/evening


1933-1934

Minimum wage was established around that time at .33 cents per hour. However (if one was lucky enough to have work) it took anywhere from 50 to 60 hours per week.

For 60 hours work the total pay at the end of the week would have been the great sum of $19.80. Which calculates to 85.80 per month (less deductions)

2007-2008

Minimum wage was established here in Ontario at $8.00 per hour, not very long ago. The average person works around 40 hours weekly.

For 40 hours work the total pay at the end of the week would translate into the great sum of $320.00. Which calculates into $1386.66 per month (less deductions)

The wages and expenditures from 75 years ago compared to now look very different until one starts to look into it all in detail.

If the formula, loan companies use, were to be plugged into our comparison numbers one would be surprised of how same the results turn out.

Approximate formula :

  • housing 50 % of income
  • food 25 % income
  • miscellaneous expenditures 15 % of income
  • savings 10 % of income

Our two base wage numbers are:

  1. 85.80 - 20% deduction about 68.50 per month
  2. 1386.66 - 20% deductions about about 1109.00 per month

housing:

  • 34.25 (apartment on list 35.00) -.75 cents
  • 554.65 (apartment on list 700.00) + 145.35 {that's 13% increase from the allowable 50% for housing)

food:

  • 17.12 (even with the prices for food looking low, to feed a family with that budget just didn't work) {it would have taken another 5-6 dollars per month serving only cheep meals} that's a short fall of 7.3%
  • 277.25 per month would be a very tight budget for food and at least 2% increase would be needed again seving only low,low priced food. {shortfall of 2%}

misc:

  • 10.27 for everything from laundry, to bus fare, to clothes, to entertainment etc. would have to come out of this fund.
  • 166.35 for everything from laundry, to bus fare, to telephone, to clothes, entertainment etc. also some of the short-fall will have to be saved from here.

savings:

  • 6.85 well there will be no saving as the shortfall in the food will have to come from here...
  • that's the same for the 2007-2008 there is no savings possible. The 110.90 will not even cover the extra needed for the rent.

In conclusion a person working for minimum wage is just as bad off now as the person was in 1933...except today's person can get an additional job and put in the twenty extra hours ( if they're lucky enough to find extra work)

More by this Author


Comments 158 comments

Jon 3 years ago

The cost of living FAR exceeds the average income. The typical wage, based on price index for a PART TIME job, should exceed $20 an hour due to inflation. We seem to think a $10 an hour job is a career. People amaze me in their ignorance.


Zsuzsy Bee profile image

Zsuzsy Bee 4 years ago from Ontario/Canada Author

Rfordin, thanks for taking a look and for commenting

regards Zsuzsy


Rfordin profile image

Rfordin 4 years ago from Florida

My parents have always said things of this nature. Although I've never witnessed it broken down in this way. Very interesting (and something to use with my kids at a later date). Thanks for putting it together here.

~Becky


Zsuzsy Bee profile image

Zsuzsy Bee 4 years ago from Ontario/Canada Author

Michelle, thank you for reading.

regards Zsuzsy


michelle 4 years ago

ggggggggggrrrrrrrrrrreeeeeeeeaaaaaaattttttttttttttt


Zsuzsy Bee profile image

Zsuzsy Bee 4 years ago from Ontario/Canada Author

Thank you Marcy for taking a look and for commenting. You are absolutely right, our situations today are scary.

regards Zsuzsy


Marcy Goodfleisch profile image

Marcy Goodfleisch 4 years ago from Planet Earth

This is both interesting and depressing! Wait - throw in frightening, too! There are many prices that have increased just since your list was first published, I think. Unfortunately, that's been during the most extended period of unemployment we've ever had. Scary.

Thanks for publishing this - voted up and interesting.


Zsuzsy Bee profile image

Zsuzsy Bee 4 years ago from Ontario/Canada Author

thanks for taking a look and for commenting

regards Zsuzsy


... 4 years ago

...except today's person can get an additional job and put in the twenty extra hours...

priceless


Zsuzsy Bee profile image

Zsuzsy Bee 5 years ago from Ontario/Canada Author

Jameshank, thank you for taking a look and for commenting. It seems the more life changes the more it stays the same.

regards Zsuzsy


Jameshank profile image

Jameshank 5 years ago from Japan, NY, California

Thanks for sharing this hub! It surely is interesting to know there is no difference between the income:expenses ratio then and now.


Zsuzsy Bee profile image

Zsuzsy Bee 5 years ago from Ontario/Canada Author

Hiya Rachelsholiday, I love Beverly Clearly, just imagine the education (or lack of) they were giving girls 80 years ago compared to now... mind you I'm not totally convinced that any student should have to pay $9000 a year either. College here in Canada cost my youngest daughter a couple of thousands more per year but unfortunately by the time everything is paid for it will have cost her five times that I'm afraid.

Thank you for reading and for commenting

Good luck with the studies

regards Zsuzsy


rachelsholiday profile image

rachelsholiday 5 years ago

What an awesome hub, thanks for writing! I just finished reading Beverly Cleary's memoirs and it was $150 a year for her to go to college. Now, nearly 80 years later it costs me $9000 a year.


steve harper 5 years ago

the reason prices on everything is so high is the cost of fuel , I remember when you never talked about gas prices or looked to see what they were every day. and inflation is out of hand because moneys not buying anything.


Zsuzsy Bee profile image

Zsuzsy Bee 5 years ago from Ontario/Canada Author

freefogging, so sorry I missed your comment somehow. I wish I knew how the clock could be reversed. I would love to turn back it back on so many levels.

kindest regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 5 years ago from Ontario/Canada Author

Don, thank you for taking a look and for the great comments. I agree with you that our childrens and theirs future outlook is quite glum.

regards Zsuzsy


Don C 5 years ago

I am not at all educated in economics or the way the world turns. This is my opinion of what causes recessions, depressions....Namely "INFLATION" To me no matter what the big brains say I still say there has to be a better way to buy,sell or spend. I think they ought to start all over again and come up with a better answer to the way we all live. I know all you educated CEO's will think, he's a moron. My god I pity the world today.


Don C 5 years ago

Remember the movie "Back to the Future" he took a cab in the year 3000, what ever it was and when he got to his house the cabby said. That'll be $37,000 dollars and 74 cents. He went at least 2 miles. I pity my great, great, great, great, great, great, great grandchildren.


Zsuzsy Bee profile image

Zsuzsy Bee 6 years ago from Ontario/Canada Author

Jó napot kívánok. Köszönöm, hogy elolvasta a cikket.

I'm positive that live is just as hard now as it was then or vice versa. Although leading a life that's simpler would definitely interest me as long as I can have my computer and my movie dvds+player. The rest I think I can do without.

So glad you stopped by

regards Zsuzsy


Brupie profile image

Brupie 6 years ago

Jo napot!

When looking at wealth and standard of living, you may also consider the quality of housing then versus now, the quality of cars then versus now. A person today can reasonably expect to drive a car over one thousand miles with little trouble other than adding gas. I doubt any car from the 30's could manage that.

I had an economics professor ask which would be better, living as a pharaoh in ancient Egypt or living as an average American today. The pharaoh could have a hundred persons fan him with palm leaves, but an average American can live in an air-conditioned house. Sickness was often a life and death matter, no vaccines and unreliable medicine. We have cheap electronics, imported foods and clothing. I don't think we are anywhere near the level of 75 years ago.


freefogging profile image

freefogging 6 years ago from Florida

Wow...that's a real eye opener...nice article...how can we turn back the clock?


Zsuzsy Bee profile image

Zsuzsy Bee 6 years ago from Ontario/Canada Author

pokjuh, yup very different that's for sure

regards Zsuzsy


pokjuh 6 years ago

gooten morgan it tis very different now dontcha know


Zsuzsy Bee profile image

Zsuzsy Bee 7 years ago from Ontario/Canada Author

Dottttt, thanks for taking a look and for commenting.

regards Zsuzsy


dottttt profile image

dottttt 7 years ago from Bray

That's a lot of money, i am from Ireland if you would like i might be able to get it cheaper for you if you let me know exactly what you are looking for and say what you paid in euro if you like thanks great hub totally mad difference's


Zsuzsy Bee profile image

Zsuzsy Bee 7 years ago from Ontario/Canada Author

Blaze_xeno, oh, I would love some of that pure wool fabric right now for 2bucks a yard. I made myself a wool blazer last fall, just made from a loosely woven wool (from Ireland) to wear for casual with jeans etc... I paid 75.00 dollars Canadian per meter... I must have been off my rock to pay that kind of money for it... I do think that we are all in for a rough few years.

Thanks for coming for a visit

regards Zsuzsy


blaze_xeno 7 years ago

In 1961 my mother earned $65 a week, and that's what the monthly rent on our apartment was. Heating fuel was .35 a gallon. A loaf of bread was about the same. My mother bought me a fabulous red cotton dress for $5, and that was a lot. We could buy pure wool cloth by the yard at a 64-inch width for about $2. *Sigh*


Zsuzsy Bee profile image

Zsuzsy Bee 7 years ago from Ontario/Canada Author

RKHenry! Glad you came by and checked out this hub. Did you notice the price of flour too? Awful

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 7 years ago from Ontario/Canada Author

linjingjing! Thanks for taking a look and for commenting.

regards Zsuzsy


RKHenry profile image

RKHenry 7 years ago from Your neighborhood museum

I love hubs like these. Did you check out the price difference between the lamb chops? Amazing.


linjingjing profile image

linjingjing 7 years ago

Good article


Zsuzsy Bee profile image

Zsuzsy Bee 7 years ago from Ontario/Canada Author

49er! Isn't is amazing that life changes so drastically and yet it is still the same...thanks for coming for a visit and for commenting

regards Zsuzsy


49er profile image

49er 7 years ago from USA

This provides a very interesting look back at the past. Like RGraf, I have heard my grandmother reflect on how much she used to pay for food or goods and it really is intriguing.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

RGraf! Most of us are in the same boat, there always seems to be too much bill left at the end of the money.

Glad you came by for a visit. regards Zsuzsy


RGraf profile image

RGraf 8 years ago from Wisconsin

It is very interesting to see figures like this. I remember hearing my mother talk about those times. You are right that today we have more options and chances. That is something we should keep in mind.

I will say this. Two years ago I brought home about the same $. Since then, my salary has done nothing, but my expenses doubled. Doesn't help at all.

Thank you for an exceedingly informative piece.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

justmesuzanne! Glad you were able to take a look. I know exactly what you're saying. In 1969 when we came to Canada I was able to buy 1 quart of milk and a loaf of bread with a dollar bill and still have a couple of pennies of change left over. Last night at the grocery store I spent $5.99 on 4 quarts of milk and $1.99 on toast bread. That's a killer as far as I'm concerned.

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

MCarolyn! Thank you for taking a look and for commenting.

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Countrywomen! Thanks for coming by and for commenting. With the ways of fabricating and manufacturing stuff going automated so much these days you would think that the majority pricing could go down.

regards Zsuzsy


justmesuzanne profile image

justmesuzanne 8 years ago from Texas

Amazing! Where'd you get all this stuff!?! You know, I can't believe how much things have gone up just in my lifetime. I was in the store today, and I bought a Hershey bar for $1.61. I commented to the clerk that, within my lifetime, Hershey bars have cost 5 cents! When I was 5 years old, a mere 45 years ago, they cost 5 cents! That's a huge amount of inflation!

Astounding! :) Suzanne


mcarolyn profile image

mcarolyn 8 years ago from Philippines

As the year goes up, prices of basic commodities are also going high. There are no decrease being implemented.


countrywomen profile image

countrywomen 8 years ago from Washington, USA

Zsuzsy- WOW!! I must say its one of the most useful "tangents" that we all sure do appreciate. I always wanted to have the perspective of costs in those times. I am sure even in those days it was as tough as it is now since the incomes were lower in those days compared to the costs then.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Countrywomen! I happened to be at the library. I was doing research for another project and went off on one of my famous tangets and collected the data.

regards Zsuzsy


countrywomen profile image

countrywomen 8 years ago from Washington, USA

How did you compile historical costs to all these items?


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

NoLimitsNana! Thanks for taking a look and for commenting. I think it was as hard to pay a mortgage on a home in '33-34 as it is now in '08.

regards Zsuzsy


Nolimits Nana profile image

Nolimits Nana 8 years ago from British Columbia

Interesting comparisons, and a great hub. The comments are almost as good! I don't think costs have remained almost the same proportionately. We bought our first house in Edmonton in 1971 for $28,000, which was about a year's income with both of us working. Now that same house is around $250K, but average incomes have not matched that.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

KDorfman! Thank you for coming by and for commenting. Unfortunately the poor stay poor and the rich just get richer.

It will take a lot of effort to get out of the financial mess that the world is in...

kindest regards Zsuzsy


KDorfman profile image

KDorfman 8 years ago from Pacific Northwest

Great hub, and I've been telling people the same thing for years. Just because something cost less fifty years ago, means that it may be the same price today when adjusted for inflation.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Honestly Nikade I really do not think that the mind set of people has that much to do with this. I'm possitive that capitalism or not, if the masses were to decide to be filthy rich, mind set or not it just wouldn't happen and the same for the reverse...

regards Zsuzsy


NIKADE profile image

NIKADE 8 years ago from Nigeria

great hub, you know that the mind set of the generations are a major factor in inflation since the birth of capitalism


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

It really depends where you live, if you can make do without a car. Everything has great distances here in Canada and unless you live in urban areas you need to run a car.

thanks for taking a look regards Zsuzsy


Trsmd profile image

Trsmd 8 years ago from India

As per your analysis.. At present scenario, your savings will be more.. suppose if you don't want ro buy a car, yousave..

in 1933 only $445 now you can save $13500 like this..


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Melanie! I feel that I'm at a weird phase in my life. It's hard to explain, through-out our lives we all go through phases you know the terrible two's for children etc. With my youngest "baby" having left home last year for college and being on my own now it's been a time where I've been looking back. Looking at things that I just didn't have time for in the past.

I know we're supposed to look ahead but I have a feeling that the worlds problems can all be solved by looking at what we screwed up in the past. That's how this hub came to be.

Have we changed for the better? Maybe a tiny step with a mega bunch of leaps left in-front of us.

Thanks for taking a look and for your great comments

regards Zsuzsy


privateye2500 profile image

privateye2500 8 years ago from Canada, USA, London

 

A lot of perspective here - the thing I think about quite often is:  My mother died when I was a child - so it's been nearly 40 years ago.  She was a secretary and I can still remember the smell of the ink in those old *Gestetner* machines.  The type-writer ribbon ink on her hand, the clicking away on those hard to push down keys of the old typewriters.  That smell of INK everywhere in that office.

 

I think - wow - if mom *popped* back to life and saw computers and microwaves, fax machines and printers, color TV and movies you can watch at Home--just to name a FEW things...she'd probably die all over again!  THIS is an entirely different world!

 

That tells me how much life has changed (and certainly NOT much for the better - just because something is **Possible** doesn't make it Beneficial to human-kind)

 

Thanks for that comment on Jimmys relationship hub - it was pure truth!

 

Melanie

 


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Vietnamese translation service! Thank for taking a look. We're all in the same boat. It would sure be nice if our wages were to increase as the cost of living wants to do.

regards Zsuzsy


vietnamese translation service 8 years ago

I missed those sweet old days. Right now the money is keep rising and rising. I meant the cost is keep rising and rising. It would be nice if our salaries on the rise but not the cost of living. Again, thanks for sharing!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Thanks for sharing those numbers Sixtyorso! At times I wonder how we'll ever make it... Most things here in Canada are even more expensive then they are in the US.

regards Zsuzsy


sixtyorso profile image

sixtyorso 8 years ago from South Africa

Great Hub, I think you in the USA are slightly better off than us in South Africa.

In 1970 my first house cost R17,500 (38 years ago) In 2003 my much smaller townhouse cost R750,000.

In 1970 My Car cost R2500 (this is not a misprint). Last year my new one (same manufacturer) cost R300,000. I remember that a coke and sticky bun cost 5 cents in 1963   today R20.00. A hamburger and coke same year  cost 25 cents now R65.00

My first salary was R95.00 per month (1964) Same job today (starting grade) R7500 per month .

Very good hub.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Christoph! Thanks for visiting. You sure have hit the nail on the head about the conspiracy... the prices of gas won't go down here in Canada either till every last drop of the expensive stuff has been sold what ever is in the tanks now and at the refineries. (one lucky thing though, if we were not bi***ing about the gas prices we wouldn't have anything to bi**h about, right?)

Thanks for commenting regards Zsuzsy


Christoph Reilly profile image

Christoph Reilly 8 years ago from St. Louis

Hi Zsuzsy Bee! It's always a bit of a shock to see then and now prices compared like that. I moved from a very expensive city (N.Y.C.) and moved here to the midwest, which seemed pretty reasonable by comparison. But one gets used to things and now I'm just as crabby about it as the next guy. I do the grocery shopping for this house and have been shocked by the rise in prices recently of, well...everything. Blame it on the oil. It's true and it's convenient, but it also over simplifies things. It's one little segment in a very large spider web. I love it when we hear that the price of a barrel of gas has come down but it will be awhile until we see the reduction in the price at the pump. Because, you know, they still have that expensive stuff in their tanks that they have to get rid of first. Thats funny, because when the price of a barrel goes up, the prices at the pump go up right away. Don't they have to get rid of the cheap stuff first? Like, Vice versa? It's a conspiracy of liars. Great hub! Got my brain off it's butt! Thanks!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Guidebaba! Glad you were able to take a look. Thanks for the comment.

regards Zsuzsy


guidebaba profile image

guidebaba 8 years ago from India

Nice Job Zsuzsy. You did all the hardwork for research. Great and thanks for sharing.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Lidian! I still have a lot of my LPs fom the 60-70 too. I know my first paying job in the summer of 70 paid me $1/hour in the dishpit of our local Hungarian restaurant... (and I was paid more them most other kids with similar jobs just because the owners were friends of my grandparents)

Thank for coming to have a look regards Zsuzsy


Lidian profile image

Lidian 8 years ago

Great hub!

I am now at an age where I tell my kids how cheap things were back in the 60s and 70s, and they always act impressed - hardcover books used to be a couple of dollars, and an LP (what's that again, Mom?) was $5.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Christine! Thanks for taking a look! About the 100,000 dollar homes, I was talking about an older style home in rural areas...the average 3bedroom in a subdevision will start at 200,000 in smaller cities and go up to 400,000 in and near Toronto (start only)

Real estate is in a weird situation right now as increases seem to happen in certain pocket areas...

talk to you soon again regards Zsuzsy


christinekv profile image

christinekv 8 years ago from Washington

Interesting and informative hub Zsuzsy Bee! Makes me think of when my dad used to say stuff like, "I remember when a candy bar only cost a nickel."

So you can get a 3 bedroom house in Ontario for $100,000? Wow, that's pretty good....you'd have to go an hour outside of Seattle to find one for more than twice that!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

SunSeven! Glad you came for a visit. Thanks for your comment.

regards Zsuzsy


SunSeven profile image

SunSeven 8 years ago from Singapore / India

A 2500$ car is due soon! :)

Nice hub

Best Regards


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Watkins Lady! Thanks for taking a look and commenting.

regards Zsuzsy


Watkins Lady profile image

Watkins Lady 8 years ago

Very interesting, thanks for the great hub!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Desert Blondie! Thanks for taking a look and for the comment. I'm not quite sure where we're all headed. But it sure is not through easy times that's certain.

regards Zsuzsy


desert blondie profile image

desert blondie 8 years ago from Palm trees, swimming pools, lots of sand, lots of sunscreen

Just found this hub! Fascinating data...interesting too that ratios work out the same! More trivia...I remember from an economics class that interest rates climbed to about 15% right after WWI, so mortgages were quite out of reach to many returning soldiers...just as many returning soldiers today find such high prices FOR EVERYTHING!! FYI...ANYONE remember when mortgage rates that high more recently? Early 1980s! When they hit 10% people freaked....but they were catatonic with interest rates hit 16%...yes, right here in the USA! This is the time the famous political slogan became...It's the Economy...seems like we're right there again!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

I knew there was going to be a catch...Thanks for coming for a visit and your comment.

regards Zsuzsy


funnebone profile image

funnebone 8 years ago from Philadelphia Pa

I will glady pay you if you could write a hub on how to travel back in time. Of course I will pay you 1935 wages! Nice work!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Shirley! Glad you came for a visit and thanks for your comments. I wish we could come up with a solution.

regards Zsuzsy


Shirley Anderson profile image

Shirley Anderson 8 years ago from Ontario, Canada

I agree with what you said to Sandilyn....go back, stock up and then return here. That would be GREAT!! As soon as you build the time machine, I'll buy a ticket. :)

You're right about our economy being a sad state of affairs. I know before I left my office job, I lost one week's pay a month to income tax, and I know people who made a lot more than me lost even more than that. But that's old news for us Canucks. What saddens me is the fact that I never see anything happen to help improve things. No, I don't have any suggestions, but I wish the government could come up with something - especially for those that are in the most dire straits. Come to think of it, the government seems to be the only one that has lots of money...hmmm. :)

Thx for another great hub, Zsuzy!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Stooge! your comment is misleading and I won't approve it...just kidding

thanks for taking a look and joining my fan club

regards Zsuzsy


Stooge profile image

Stooge 8 years ago

I am flagging this hub as misleading.

I did the quick math quiz in your profile. Result: I know that you are not old enough to have a hang on prices of 1933. Then how did you know all this? :-)

Jokes apart, I really loved it. Great idea, full of facts. I m joining your fan club :)


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Sandilyn! You and me both. Thanks for taking a look and for commenting.

regards Zsuzsy


Sandilyn profile image

Sandilyn 8 years ago from Port Orange, FL

Good hub! You have done your research on the prices. It is amazing how the prices have risen over the years.

No, things have not become any better for people in the long run. Today the economy, in the US, is poor. The real estate values are dropping and companies are closing. Thus making the situation worse for most people. At least then people could hold onto what they had. There was a dream.

Today they are losing everything. That is a sad reality.

I still would like to go back to 75 years ago, and purchase a few things that I need, and then come back to this year.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

tjmum! Your right we, ordinary folk have not progressed. Mind you the rich are richer...

glad you came by regards Zsuzsy


tjmum profile image

tjmum 8 years ago from Isle of Wight

I just found this one and I have to say I'm not surprised that things really haven't improved much for us ordinary folk. The major differences that I can see is that products in the 1930s were made to last - shoes, household furnishing etc whereas today we throw things away too quickly. And many people these days own their own homes (even if they struggle to pay the mortgage) whereas in 1930s most poorer people rented. Perhaps the barter system and using what you can produce tog et by is the way to go. It would certainly give those overpaid stockbrokers something to worry about!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

WeddingConsultant! Don't be too depressed. It's not that much different really. The poor are still poor and the rich stay rich or get richer.

regards Zsuzsy


WeddingConsultant profile image

WeddingConsultant 8 years ago from DC Metro Area

Thanks for this article- I needed to be depressed!

Argh!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Earl! Thanks for taking a look and your kind comments.

regards Zsuzsy


Earl S. Wynn profile image

Earl S. Wynn 8 years ago from California

This is an awesome hub! It was all stuff I kinda knew on the peripheral part of my brain anyway, but you've pulled it together so well (and so organized!) and thrust it into the light in a way that makes people think. Kudos to you and your awesome hub!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Definitely true Ink. Thanks for visiting and for your comment.

The point I was trying to make when I was putting this hub together was just that. Everything is so different and yet still the same.

regards Zsuzsy


ink 8 years ago

Interesting hub, well done. Everything costs more, there are still too many poor for whom life is a struggle, and too many disproportionately rich for whom the world is arguably a playground. BUT ... look at the increases in life expectancy. For most, life is better now than it was; with a far higher standard of living, many more opportunities, much safer working conditions and better health care (even if it doesn't meet expectations). Prices have always increased over time, and people have always complained about it. :)


Raven King profile image

Raven King 8 years ago from Cabin Fever

I like chicken wings. It is interesting how did you stretch your dollar then and how do we do it now?


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Raven! Glad you came for a visit. I remember in 1973 when I got married my food budget for the week for the two of us was $20.00. I had to put in a day of offals or chicken wings (that was before they became a fashion party food) each week. I never cooked lungs or kidneys. Just remembering something I read not so long ago even the offals are getting costly because there is a high demand for them in Japan and China. I'm not sure what the solution to all this will be...regards Zsuzsy


Raven King profile image

Raven King 8 years ago from Cabin Fever

5.69 Canadian Dollars for a gallon of milk? That is awful. Here prices have been climbing for months. That famous chef Pepin remembered his Mom cooking lungs for dinner! This inflation might bring frugal living as a trend? Do you think offal cusine might be coming back?


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Marisue! Thanks for taking a look. I just bought 4 litres of milk (1 Gallon) and it cost me 5.69 Canadian dollars. It just went up. Last week it cost 4.89.

80 cents in one big swoop...I just can't believe it.Where will it end?

regards Zsuzsy


marisuewrites profile image

marisuewrites 8 years ago from USA

I'm still reading and digesting all of this !!   great information wow  time flies when we're spending money, yes?   ha  =)  thanks for the info!!   I think,  it's kind of depressing isn't it....I want the prices of the 30's and the technology of the 2000's   eek   impossible

Sally's Trove: I liked the coffee illustration; I have also based my economics on the price of a gallon of milk. When it goes up to nearly $4.00, we can tell the other news is bad...and it's proven to be true. It's a domino effect and like toll roads...once they get your money...they forget "temporary" was the motto during road construction. HA, temporary hikes are hype.


compu-smart profile image

compu-smart 8 years ago from London UK

:D


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Compu-smart! Isn't it funny that you would say We would need an enormous wallet etc. My neighbor just mentioned that at least the back-hoe and crane manufacturing industry would flourish as everyone will need one soon when going shopping just to carry the money.

Thanks for visiting regards Zsuzsy


compu-smart profile image

compu-smart 8 years ago from London UK

im all for price increase as long as wages increase at the same time.! Hopefully in another 75 years we will have no cash and we will all have card based payment systems because one would need to have a big wallet or purse to go shopping the way prices are continueing to go up!!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Kenny ! My kids are teasing me about this hub.....We know, we know you had to walk to school up-hill both ways wearing your dad's pjs with a hot potato in your pocket for had warmers and for lunch. (not that it really happened...I never ever said anything so silly hahaha)

thanks for your visit regards Zsuzsy


Kenny Wordsmith profile image

Kenny Wordsmith 8 years ago from Chennai

When I was a kid, Zsuzsy, old folks used to bore me with what they could get for how much. Now, I have started telling kids how cheap things were in the good old days, and they are not interested. Sigh.

Some ancient scroll will probably contain the complaints of an ancient ancient Greek who used to live cheaper in his times, LOL!

Thank you for tracing it out through the years.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Thanks for visiting Dorsi and your comment.

regards Zsuzsy


Dorsi profile image

Dorsi 8 years ago from The San Francisco Bay Area

Amazing the differences. My parents paid $8,000 (1950's) for the house I now live in, which is now worth about half a mil/ they had to borrow the $50 for the deposit, which was alot of money back then!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Wew! It blows my mind of how much things seem to change yet they're still almost the same. Thanks for your visit and your comments Ghost. regards Zsuzsy


Ghost32 8 years ago

Hey there. I needed to edit that last comment, but the site wouldn't let me for whatever reason, so: That "$5 cash" entry was meant to read as: $5 cash PER MONTH."

Ghost32


Ghost32 8 years ago

Zsuzsy, this one got me to remembering a few things...especially since I may soon need to go back to working a "wages" job to keep us housed and fed. I don't quite go back to 1933 but do recall that in 1958-59, my Dad kept a hired hand (who had worked in the hayfields for him during the summer) on through the winter at $5 cash plus room and board. The board part amounted to a place at our table for meals. The room was a 8 x 12 bunkhouse made of creosote-soaked, used railroad ties and heated with a woodstove.

Gasoline prices do fascinate me. I rather liked the "gas wars" of the early 1960s, when the "usual" price of 29.9 cents per gallon would drop as low as 18 cents. Not much price fixing going THEN, I suspect.

Ghost32


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

I'm with you there Patty. The bigger the more it costs for upkeep and worse it takes all that more time to clean. I think we hord possessions. Big house, tv + dvd player + phone in every room of the house...cell phones for every family member, dogs included...where will it end? zs


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

There could be a cycle where after a certain period of expansion reaches a critical threshold, houses begin to get small or we will all live in a single room (barracks) as in the novel 1984.

I like a small house and a ig garden.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Cleanclover! I don't want to even go there. It's too scarry to imagine.

Thanks for visiting and your comments

regards Zsuzsy


Cleanclover profile image

Cleanclover 8 years ago from Piece of land!

Great analysis Bee! Well just imagine how are things going to be 20 years down the line? Just be prepared!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Raven! You're right about the sizes of homes getting bigger and bigger...My opinion the bigger my home the more I have to spend on utilities the more time I have to spend on cleaning...a small home is just good enough for me.

I'm gald you came for a visit

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Broalex! Thank you for coming for a visit. I guess the problem with poverty is spread worldwide. regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Vijayanths! thanks for taking a look.

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Patty! sorry I missed your last comment. You know your welcomed to link to my hubs anytime. I consider it a compliment. thanks zs


Raven King profile image

Raven King 8 years ago from Cabin Fever

Great analysis. In the 1970s people had small closets and even smaller wardrobes. Then I could actually count the items in my closet now it jumps at me every once in a while. Those new homes are huge about three times the size of the average 1930s home. Great hub!


vijayanths 8 years ago

wow great analysis on cost of living at two different periods. It gives us an idea of the past living.


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

I love it!

I placed a link to this Hub in my Hub on Environment Sin. I hope that is OK with you, Big Z (??)


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

A couple of years ago a friend had a Volkswagon Bub. Her husband gave it to her as a gift. In the back he had installed a huge fiberglass wind-up key. I think that would be a good way to get around our island Patty. zs


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

Yesterday after  the weekend blizzard was cleared away, gasoline immediately went up from 2.99/gallon to $3.45, 3,55 and 3.65 per gallon.

We have GOT to get off oil...or off the big shots and elected officials that own it.

I want a wind-up car! Can we have that on the farm? lol


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Thanks for visiting Sally. I agree a hundred percent with what you're saying. Unfortunately I can't see any changes happening...As you say much food for thought...

regards Zsuzsy


Sally's Trove profile image

Sally's Trove 8 years ago from Southeastern Pennsylvania

Love your hub!

In 1961 my mother earned $65 a week, and that's what the monthly rent on our apartment was. Heating fuel was .35 a gallon. A loaf of bread was about the same. My mother bought me a fabulous red cotton dress for $5, and that was a lot. We could buy pure wool cloth by the yard at a 64-inch width for about $2. *Sigh*

Yes, all of that is proportional. However, in recent years we've seen spikes in utilities, goods, and food products that exceed the proportional increases. And I have to hand it to my mother about my thinking on this. Some years ago, coffee prices spiked because of a drought in South America. My mother said to expect the higher prices to stay after the drought. She said the reason the prices spiked that high was because coffee distributors (NOT the growers) were hedging their bets on the world buying coffee no matter what the price. The price of coffee in a restaurant went from 15 cents a cup to a dollar in a few short months.

She was right. Coffee prices never came down again. CEO compensation packages followed the same strategy many years later. Just hike up the price, and people will go along with it.

Much food for thought here, Zsuzsy. Thank you.


budwood profile image

budwood 8 years ago from Southern Nevada

ZB:

Your comparison is enlightening. My take is that values are the same, but we're just using a shrinking measuring tool (the US dollar) to measure. A comparison in ounces of gold would reveal that there hasn't been a lot of change.

You may be interested in my chart of the purchasing power of $100. It's appended to my hub: Buds-Market-Observations---March-1--2008.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Thanks Robie I enjoy reading your hubs too. zs


robie2 profile image

robie2 8 years ago from Central New Jersey

Hi ZB-- I always enjoy reading your hubs and you are right--the more things change the more they remain the same-- the poor are still poor and the rich are if anything, even richer.....not progress at all.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

SweetiePie! Greenhouse would be nice but there is still the cold and snow. Well soon spring will be here. zs


SweetiePie profile image

SweetiePie 8 years ago from Southern California, USA

I understand the wanting to garden part.  Maybe a nice greenhouse?  Some of our friends up north did that. I like the conversation on this hub, it would make a good economics lesson for a high school class.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Robie! My comparisants was only to show that no matter what unfortunately we have not progressed much. Yes technology is jumped million fold, yet the poor are still poor....Thanks for taking a look

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

SweetiePie! Right now I'd gladly trade There are snowdrifts in front or the barn that are as tall as me. I'm so tired of this winter and antsy to get out into the garden etc. regards Zsuzsy


robie2 profile image

robie2 8 years ago from Central New Jersey

Very interesting hub ZB--and fascinating comments too. I'm thinking that it is hard to make valid comparisons not only because of inflation but because life was so different. People had radios, but no TV. Few families had cars and nobody had more than one. People traveled by bus and car not by air. Crude oil came from Texas in those days, not Venezuela. There was no such thing as medical insurance, but then there were no antibiotics either. Cigarettes were dirt cheap and Doctors smoked them too--nobody knew they caused cancer etc. etc. etc. It's like comparing apples and oranges--just think, some day people will look back and think that food was cheap in 2008 and will marvel that gas was only $4.00 a gallon LOL--that is if peopleare still using gas then. Hmmmmmm. Good hub--makes me think. Thanks.


SweetiePie profile image

SweetiePie 8 years ago from Southern California, USA

Southern Ontario sounds like a nice and affordable place to live. I live in Southern California and the prices are more like $1,100 per month for a two bedroom apartment. I enjoy living here, but I think it is a little too expensive. Of course I hear San Francisco and New York are much more expensive, so I guess I should not complain.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

My area I live in is pretty well the lowest in southern Ontario. For how long is debateble. Thanks for taking a look.

regards Zsuzsy


SweetiePie profile image

SweetiePie 8 years ago from Southern California, USA

The prices for things sure have changed over 75 years. Although I wish I lived in a place where rent was 700 dollars a month, that would be nice :). Interesting and well researched hub, good job.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Thanks for taking a look Rodney. I guess all of us are in the same boat.

regards Zsuzsy


Just_Rodney profile image

Just_Rodney 8 years ago from Johannesberg South Africa, The Gold Mine City

Hi there, interesting figures. in 1969 in South Africa, cigarettes cost 25c a packet of 20, and petrol was 25c a gallon. After the recent price adjustment and luxury tax increases, cigarettes cost R20 odd for 20 and petrol R8 odd for a litres, which is about R36.00 a gallon.

In some instances the cost of living has maintained the same sort of ratios, but in the major area cost ratios are majorly out of kilter.

Basics are getting disproportionately higher, as companies vie for better returns for their shareholders.


Isabella Snow profile image

Isabella Snow 8 years ago

I just published lots of hot men for you to drool over. ;)


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Hi! How are you Isabella? I'm always glad when you pop in for a visit. Thanks for your comments. regards Zsuzsy


Isabella Snow profile image

Isabella Snow 8 years ago

Wow... and the cost of living in former soviet bloc countries is shocking today compared to just 20 years ago. Great hub, Zuz!!


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Bonnie! I'm with you there...I think everyones money trouble would be over. I'll vote for that...

thanks for your visit

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Seamus! Thanks for taking a look and for your comments. In 1933 when those prices came from gasoline was not much of an issue I guess. But it sure is a culprit now in our budgets.

regards Zsuzsy


Bonnie Ramsey profile image

Bonnie Ramsey 8 years ago from United States

Very interesting hub, zsuzsy! It is a bit sad, though. Sure would be nice if we could have the wages we have now with the prices back then, wouldn't it? LOL. I know, that is impossible but still it would be nice! :) Great work!

Bonnie


seamus profile image

seamus 8 years ago

This is an interesting hub, and I had a good time comparing the prices.

Some costs do go down. Fitness centers cost about 60 per month 5-10 years ago and now they are about $30 in my area. Some gadgets go down in price over time, too.

It'll be interesting to see if people can get over using so much gasoline. I can walk to stores, groceries, playgrounds, post office. However, lots of people have to drive.

Working from home also cuts down on gasoline usage.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

The location of our restaurant will have to be near our farm where we can grow our veggies, meat, fruit...We'll be so busy we won't care what politics are screwing with now...

I think I like the idea more and more

Zs


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

Froggy & Z -- It could work -- there are a few communities in the US that live by barter. I will need to look them up again. Zsusy - if we start a restaurant, we can barter for supplies easily, but the foodstuffs would need to be pretty local i think :)


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

I've always loved the barter system. Now for that cow you're going to butcher for me? What kind of table did you have in mind Froggy?

thanks for visiting regards Zsuzsy


Froggy213 profile image

Froggy213 8 years ago from On A Mountain In Puerto Rico

Wow Patty you hit on a good one--I would like to see us go back to a barter system.I will butcher your cow if you make me a table and so forth.I know it is just a dream but I know I could adapt to that system easily.Many wouldn't.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

CGull! I guess ir will be time to start walking or greasing upthe bicyle chain...I'll refuse to pay those kinds of prices.

Thanks for coming for a visit regards Zsuzsy


cgull8m profile image

cgull8m 8 years ago from North Carolina

Great hub, ever since 9/11, the prices have gone up, before that it was stable for some time. The gasoline prices are the main culprit, everything is tied up on them. Some are saying the prices will go up to $200 per barrel within the next 10 years, the prices will be double by then.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Angela thanks for visiting. I'm sure it's not a quick fix for sure.

regards Zsuzsy


Angela Harris profile image

Angela Harris 8 years ago from Around the USA

Very interesting. I've been worried about the US economy for awhile now. And really don't know of a solid way to solve it that would actually work and people would buy into.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

I'm afraid your right William. Changes will have to come soon; I just hope it's not going to come with some god-awful drastic measures.

thanks for your comments regards Zsuzsy


William F. Torpey profile image

William F. Torpey 8 years ago from South Valley Stream, N.Y.

Human nature is the real culprit. Some people need to have more money than the next guy in order to soothe their egos. Corporations will go anywhere the money is, and let the masses fend for themselves. The "economy" is always great for the wealthy. It's the little guy who suffers. Unemployment, minimum wage, sub-prime mortgages, little or no health insurance, inadequate retirement income all hit the poor and middle class, and the list goes on and on. It won't be changing soon!


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

I LOVE IT! - 'who will have the most wind?" That is GREAT! You are right about idolatry, for that it what it mostly is.

Wonderful Hub Zsuzsy.  

heehee I types "idolidiotry" without even thinking the first time through on this. What fun.


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Green living, dealing and growing is the way to the future...I'm convinced of that. As for money I would love to say sure lets get rid of it. Barter, lets bring back the barter system...BUT humanity being what it is, soon money would be replaced with another idol to cherish ie gold,diamonds, oil,natural gas etc. of the past and the now, will be replaced by Sun power or Wind power ? What will the idol be, who will have the most wind?(I'm talking about real wind..hehehe) I'm not sure that we of this generation will be here to see the right future established.

Thanks for your comments Patty. regards Zsuzsy


Chatterbox profile image

Chatterbox 8 years ago from New York City

Wow Zsuzsy great hub. Unbelievable how prices have increased. My husband was born in 1935.


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

Does anyone think we can do away with money altogether, as in some science fiction epics?


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

Froggy - it's a function of mathematics and physics, like water seeking its own level. Redistribution will likely reverse itself within a single generation without passing laws that are/maybe unconstitutional - you know, nationwide price freezing, government-mandated CEO salary caps, mandated stock dividend caps - it won't fly. Where you have free enterprise, you have a skewed income distribution naturally. We need a long-term answer beyond a single generation or a single US president.

I think the answer is to stop inflation by stopping raises in prices of goods and services because shareholders want higher dividends and CEOs want more income. It won't work in a free society, but if prices were locked in, then the only ways to produce more income would be to 1) cut labor (which some WOULD/already do), 2) produce cheaper quality goods and services (happens), or 3) sell MORE things at the same price (might happen). Largely only 1 and 2 generally happen, anyway. They did after minimum wage increased recently.

 Other ways would be to steal the raw materials (outlandish, but I knew one small business owner that did this until he was caught), place embargoes on all foreign goods (not likely) to keep US money at home. or we could print more money and give it away ala the Civil War in the south (didn't work).   

So, make sure everyone has a certain level of income and healthcare so they do not suffer, even if the govt has to pay it (may need a tax increase), and prevent companies from raising prices, while locking in the minimum wage. OH! :)  - sounds like a small corner of Reaganomics - everyone formerly receiving govt. help go start your own business, even if (like one of my patients) - you are in a body cast, both arms and legs in traction), 60 years old, female (widowed) that has never worked, but has HS education. Benefits were all cut. God is not always going to make it possible to be healed and have a business handed to one. But sometimes that happens.

An overall answer - I have no idea what we can do long-term. They solved it in Holland when my friend worked there - but income tax was 70% for all. Nearly everything major was free or very low cost, but you didn't have much discretionary money to spend.

We can try to help ourselves in smaller ways, by each not purchasing inferior goods at inflated prices. Green living, green collar jobs, and green industries all help with that.  That might be part of a longer-term answer.  Commendations to anyone that comes up with it! :)


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Thanks Froggie for taking a look and the comment. I keep trying too.

regards Zsuzsy


Froggy213 profile image

Froggy213 8 years ago from On A Mountain In Puerto Rico

You know,I once heard there was a study done and belief is if they split all money evenly between all people,before long the same would be rich and the same would be poor---I think I would like to try anyway.

Great hub--Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Patty! Thanks for taking a look and for the comments. It's sad how progress has really not progressed. The "minimum wager" has almost no chance of succeeding. The poor are doomed to stay poor...

regards Zsuzsy


Zsuzsy Bee profile image

Zsuzsy Bee 8 years ago from Ontario/Canada Author

Abhinaya! I agree that life was simpler before...but I'm not so sure that I'd want to live in the 30's, the great depression made it almost impossible to be able to feed ones family.

Glad you came for a visit. regards Zsuzsy


Patty Inglish, MS profile image

Patty Inglish, MS 8 years ago from North America

That's they way inflation works, doesn't it? -- Everything increases in price for working people.

In Ohio, some of our prcies are always worse -- our cucumbers are $1.00 each, many soups are over $1.00/12oz, can; Head lettuce at Kroger = $1.50. WalMart grocery is now just as expensive as Kroger.

In the 1950s, USA dumped coffee and milk into Gulf Mexico to drive up prices. Today, Ohio has many silos full of corn that are 4-6 years old - way too old to eat.

Thanks for publishing this to bring light to inflation! If people would only stop buying some things for a time -- like until stores lose whole binsful to spoilage just once - the prices would come down.

Our nearest Kroger stores throw out really good food, and lock the dumpsters so no one can get into them (story . The stores won't give the food to shelters or the foodbank, either, because they fear lawsuits.

Our local family-owned groceries have reduced prices - that's where many of us buy.


Abhinaya 8 years ago

Great analysis ZB.The income : expenses ratio seems to be the same.There is one thing that was really great years back - we led a simple life and were happier than we are now.

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    Click to Rate This Article
    working