Thread: Cheap Gas?
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06-23-2008 06:19 PM #11
What about gas prices as a percentage of our income?
In other words, does the gas bite of our paycheck rival the bite of yesteryear? Not even close. Given today's fatter paycheck, we pay less as a percentage of our mean disposable income. A gallon was 27 cents in 1949 – but to put the same pinch on your wallet today, you'd pay $6.68. Gas for 1962's "muscle cars" cost 31 cents a gallon. To feel the same economic impact today, you'd pony up $4.48 a gallon.[/QUOTE]
I agree to some extent, your paycheck may be fatter then most peoples. But some people make minimum wage, in our state I think that is 6.85 an hour. Also back then a weeks worth of groceries were 25.00 to 35.00 dollars, now about 200.00 with coupons if you are lucky.
Rent or mortgage payment, Back in 1963 my parents bought a 3 bedroom 1300 square foot home for 14,000 bucks, I payed 140,000 bucks for my 1600 square footer. And I am sure it was not 170.00 just to heat it every month back then either.
Live everyday like it were your last, someday it will be.





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I check in everyday and some are better than others. I don't think Brent has anything to do with the forum anymore, but I'm not sure. Hopefully as time moves on the forum will get better.
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