prozac
Senior Member
- Joined
- Jan 7, 2010
- Posts
- 5,492
In 1986 I went to Europe in Y. Chose a window seat, and still had plenty of room to get out into the aisle without making the other 2 pax in the row stand up. Paid $1,200 for the fare then and could probably still get a fare to Europe for $1,200 now if I looked for it. Not sure of the relative value of $1,200 30 years ago and now.
It is hard to believe we paid so much then relative to wages.
This site compares value - https://www.measuringworth.com/uscompare/relativevalue.php
In your specific case it suggest - If you want to compare the value of a $1,200.00 Income or Wealth , in 1986 there are five choices. In 2015 the relative:
historic standard of living value of that income or wealth is $2,600.00
contemporary standard of living value of that income or wealth is $2,720.00
labor earnings of that commodity is $2,580.00 (using the unskilled wage) or $2,840.00 (using production worker compensation)
economic status value of that income or wealth is $3,510.00
economic power value of that income or wealth is $4,690.00
Apologies for OT post.