this post was submitted on 31 May 2024
869 points (95.6% liked)
memes
9675 readers
3060 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So maths time...
If that cart is a weeks of groceries, it takes 1250 weeks of groceries to buy a house in 1980.
According to a 2024 USA today article the average family with kids spends $331 per week on groceries.
If the groceries per house ratio stayed the same, a house would be $413,750 in 2024.
I dunno seems pretty proportionate.
That's not the issue.
Average annual household income in the US in 1980 was $20,020- 42% of a house (average cost of a house in the US in 1980 was actually $47K).
https://www.census.gov/library/publications/1982/demo/p60-132.html
Average annual household income in the US in 2022 was $74,580- or 18% of a $412K house.
https://www.census.gov/library/publications/2023/demo/p60-279.html
And "household income" definition also changed: at the time the most common was that only the man of the household was working. So I'd say we are down to a quarter of what was earned then.
Damn. That’s some depressing perspective right there.