Monday, February 24, 2020

US Cost of Living


 The average annual wage in the US has increased from $1,970 in 1930 to $46,800 in 2019. The 1913 US dollar is now worth 3 cents, due to excessive inflation over the past 100 years.
US Average Annual Wage
1930 $1,970
1940 $1,725
1950 $3,210
1960 $5,315
1970 $9,400
1980 $19,500
1990 $28,960
2008 $40,523
2012 $44,321
2019 $46,800

The average cost of a new car in the US has increased from $600 in 1930 to $34,000 in 2019.
Average Cost of New Car
1930 $600 30% of wage
1940 $850
1950 $1,510
1960 $2,600
1970 $3,450
1980 $7,200 37% of wage
1990 $16,950
2008 $27,958 69% of wage
2013 $31,352
2019 $34,000 73% of wage

The average cost for a gallon of gasoline in the US has increased from 9 cents/gal in1930 to $2.70 /gal. in 2019.
Average Cost per Gallon of Gasoline
1930 9 cents
1940 10 cents
1950 18 cents
1960 25 cents
1970 36 cents
1980 $1.19
1990 $1.34
2009 $2.05
2013 $3.80
2019 $2.70

The average coat of a loaf of bread in the US increased from 3 cents in 1930 to $2.50 in 2019.
Average Cost for Loaf of Bread
1913 3 cents
1930 9 cents
1940 10 cents
1950 12 cents
1960 22 cents
1970 25 cents
1980 50 cents
1990 70 cents
2008 $2.79
2013 $1.98
2019 $2.50

The average cost of a pound of hamburger in the US increased by from 12 cents/lb. in 1930 to $4.17/lb. in 2019.
Average Cost 1lb Hamburger Meat
1930 12 cents
1940 20 cents
1950 30 cents
1960 45 cents
1970 70 cents
1980 99 cents
1990 89 cents
2009 $3.99
2013 $4.68
2019 $4.17

The Median Price of a single family home increased from $2,938 in 1940 to $119,600 in 2000.
Year Home Price
1940 $2,938
1950 $7,354
1960 $11,900
1970 $17,000
1980 $47,200
1990 $79,100
2000 $119,600

The average cost of tuition, fees, room and board at US Public Universities increased from $7,770 in 1980 to $21,370 in 2020.
Year  Education Cost
1980 $7,770
1990 $9,800
2000 $12,310
2010 $18,700
2020 $21,370


The average annual cost of US healthcare increased from $146 per person in 1960 to $11,172 per person in 2018.

Year   US Cost   Per Person Cost
1960   $27.2B        $146
1970   $74.6B        $355
1980   $255.3B      $1,108
1990   $721.4B      $2,843
2000   $1369.7B    $4,857
2010   $2598.8B    $8,412
2018   $3649.4B    $11,172


The US spends $8 trillion a year on federal, State and local government “services”. That’s 40% of US GDP. The US National Debt is $23.3 trillion compared to GDP of $21.8 trillion.

Norb Leahy, Dunwoody GA Tea Party Leader

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