Hourly average? Almost $28 an hour? Where the fvck are they workin
@Country Tyler, Australia mate
@Country Tyler, don’t forget $218 50” tv
@Country Tyler, my thoughts exactly
@Country Tyler, that’s exactly what I said when I was reading that ha ha!
@thejohan, I bought a 55-inch Toshiba for $300 so idk Chief
@thejohan, thats an on sale price but ive definitely seen them that low
@Country Tyler, I mean that's almost what I make, but I'd hardly say its average unless theres a bunch of people out there making 60 dollars an hour that I just dont know about
@Country Tyler, in canada in my area minimum wage is $10, average wage is $12-$15, and living wage is $28
@Country Tyler, this also omits technological advances. A color tv back then would be like a 8k qled now which would probably be around 3-4k for a large size one.
And college debt
@K1l, and medical costs
@DrWhich, dude yes! I can agree on medical costs... like why?
Okay. In 1950 the national average rent was $257. Adjusted to 2019, that's $2,725. But the 2019 national median rent is really only between $951 and $1,180. Sounds pretty good to me. What's interesting is the average cost of a house in 1954, which adjusted to 2019 values is only $66k, when the real average 2019 cost of a house is $188k. But to be fair, the average modern house is a lot better now than it was 70 years ago. What there's really no defending is the inflation of tuition, but when the government offers to cover any cost you sign on for whether you can pay it back or not, why would you expect any institution to ask for less?
@Yourself, stop doing math and research. Don’t you know people need to feel like no one has ever had it harder than them so they can justify their crappy attitudes and choices?
@Yourself, where do you find these incredible 188k houses. Never seen anything even close to that little.
@Orlandude, Turns out the $188k statistic is from 2016 and the most recent update is actually $219k as of 2018, but I'll leave it unedited so your comment makes sense. Anyway, as to WHERE such cheap houses exist: the midwest, my dude.
@Yourself, no... $257 was the median rent in 1950 in 2000s dollars. Unadjusted, it was $42. I just checked myself. So rent has gone up about 4x. Maybe double check your data.
@Yourself, no... $257 was the median rent in 1950 in 2000s dollars. Unadjusted, it was $42. I just checked myself. So rent has gone up more than 4x. Maybe double check your data.
@Orlandude, all depends what you want I guess. we bought an old sears house for $91 grand. It needs a little work which I do on the weekends but I’ll have the house paid off in less than 8 years.
@Yourself, you have to compare house prices that are standard for both time periods to get an accurate measurement. Plus you are talking about gross rents with the figure of 257. You need to talk just strictly rent, not utilities or other added charges. Also all that really matters is median. The average really skus things and big cities have super high costs.
@Yourself, tuition wasnt inflation, it was greedy people trying to get the most out of students plus having to cover the cost of loans they took out and had to repay. Problem is the loan increases from the government went up so people can continue going to school. Also the government makes student loans basically unforgivable, so lending institutions would lend since it was 100% guaranteed they would receive the money back. Remove this last protection and everything will basically fix itself as banks will not give out loans which means less rev for uni’s which then means prices would have to go down to increase rev via quantity of students.
@Orlandude, not big cities. I live in a decent size town and when we arent in a bubble (like now) avg prices range from 100-250k depending on the size.
@Orlandude, little rural towns in Texas have houses for $50k. Most everyone in town here has a payment of less than $400 for a house.
@Eldsmidur, but then you have to live in a rural town and in texas of all places.
@Orlandude, gotta take the good with the great.
@Eldsmidur, yeah, no, cant live in texas
*Average hourly wage for a stock broker on wallstreet
As a landlord and home owner, work harder like I did and suck it up. I pulled 100 + hour weeks for 13 years to get where I am today. Retired and a landlord. pay me rent homie
@Chimon, you're old and have money but you're too old to have fun with that money.
@hasher2288, 30 is too old?
@Chimon, so you worked 100 hour weeks starting at 17 and retired at 30. Yeah doubt that.
@hasher2288, it's about compound interest accounts and investing in real estate. Bitcoin also helped speed things up. I got in on Bitcoin 2 years ago when it was $178 a coin. Cashed out when it was $19,879 a coin. Believe what you want to believe but I'm out here collecting rent from 10 houses and my wife and I just bought a hair salon to further build our empire. I'm also a highschool drop out and because I told my parents I'd make it without school I worked harder than I should have but I was smart with my money
Hang on a gosh darned second.
$1,000 - $218.50 is NOT a 98% whatever reduction. 218.50 is literally 21.85% of 1,000 (it's a nice round number for crying out loud) meaning it's 100-21.85 = 78.15% reduction. A 98% reduction from $1,000 would mean a TV would cost $20.00...
@OopsIEsploded, except they are comparing hours worked, not direct cost. 7.8 / 508
Who gets that much hourly? Can they hire me?