The average cost of tuition at public universities in 1970 was $470. In 2017, it was $9,970.
Health spending was $355 per person in 1970 ($1,797 if you adjust to 2017 dollars). In 2017 it was $10,735.
The median price of a home in 1970 was $23,600, and last april it was $339,000.
We have less than half the number of pensions in the US than we did then. Contributions to retirement plans have grown by more than 10x and we have a lot less financial security now despite this.
1,000% is a fantasy. We're well above that on many aspects.
I think that's a common problem when discussing things with one's parents. "You make twice the amount I did at that age!", "Yes, but tuition is twenty times as high!".
ilikehurdles|6 years ago
Health spending was $355 per person in 1970 ($1,797 if you adjust to 2017 dollars). In 2017 it was $10,735.
The median price of a home in 1970 was $23,600, and last april it was $339,000.
We have less than half the number of pensions in the US than we did then. Contributions to retirement plans have grown by more than 10x and we have a lot less financial security now despite this.
1,000% is a fantasy. We're well above that on many aspects.
maaaats|6 years ago
I think that's a common problem when discussing things with one's parents. "You make twice the amount I did at that age!", "Yes, but tuition is twenty times as high!".
ainiriand|6 years ago
voyager2|6 years ago