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Tractor Talk Discussion Board

Re: Speaking of the cost of stuff


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Posted by Donald Lehman on July 03, 2014 at 07:42:11 from (50.49.163.69):

In Reply to: Re: Speaking of the cost of stuff posted by JMS/.MN on July 03, 2014 at 06:14:18:

I remember what wages were back then and they went farther than they do now in general. My wife's first job paid $1.65 per hour. She paid all her bills, made a monthly payment on a used car, and still had money left over to put in the bank at the end of every week. Standard car insurance rates were $130- $150 per year colision included. High risk was between $200 and $230. second vehicles were another $25-$50 extra. In the late 60's $3,000 per yer was a pretty good living for a single guy and $7,000-$8,000 per made a decent living for a married guy with a couple of kids in our area. Nearly everyone could afford a snowmoblie or two and were swapping and updating every two or three years. Just about everybody swapped cars every two or three years becuase they could afford to. You could buy a bare bones Dart or Falcon for $1995 and if you took care of it, you got 90,000- 1000,000 miles on them before they nickel and dimed you to death. Now you pay $15,000- to $20,000 for a wheel barrow with seat belts and you are doing well to get to the 200,000 mark before they bury you in repair costs. Things have changed a lot over the years and I'm not sure these types of comparisons are really valid, but I do remember what wages were back in the 60' and early 70's and I do remember it seemed that just about the time we took the dollar off the gold standard and joined the world economy that everything started to go to hades in a hand basket.


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