Posted by oldtanker on August 15, 2018 at 20:56:06 from (66.228.255.59):
In Reply to: Thinking again. posted by mb58 on August 15, 2018 at 13:04:00:
Quoting Removed, click Modern View to see
Man you beat me to it! :lol: :lol:
You guys can look it up. In 1960 minimum wage was a buck an hour, 1968 it was 1.60, 1973, the year i entered the work force it was still 1.60. I also got married that year and I well remember being anything but rich and I was making 1.95. I was taking home about 290 a month after taxes. My rent was 150 a month and utilities ran on average of 45 for water and electric. Add another 30 a month in the winter for gas to heat with. Heck of a raise when I joined the Army in 74! Basic pay, plus quarters and rations allowance and I was bringing home over 400 a month. made E2 out of basic and PFC out of AIT! In 3 months that was just over 500 a month take home by Dec 74.
Friend of mine was going on about how little his mom (single mom) made in 1968 and how well they lived. She was making about 8500 a year. Had she been making minimum wage she would have gotten about 3300 before taxes.
Back then groceries actually ate up a larger percentage of income that they do today. And really that's the only way to measure how good or bad it is. Buy what percentage you spend on each item or group.
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