Sunday, October 17, 2010
Wednesday, October 6, 2010
Everyday you hear the right and sometimes even the left , bad mouth us Americans for living large on our credit cards. The following graph and the inflation calculator might give you a clue on why that is so totally unfair to families just trying to survive. The Median income graph shows that since 1965 the median wage has risen 24%
While the Inflation Calculator
|What cost $1 in 1965 would cost $6.73 in 2009. or what cost you $1 today would have cost you .15 in 1965.|
So you might begin to think that if wages have barely went up the prices of the everyday stuff has risen by a factor of 15.
The fact that half the families are making this wage or below indicates what a struggle it is just to live much less save for college, or retirement.