|
S |
M |
T |
W |
T |
F |
S |
|
|
|
|
|
|
|
1
|
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
|
9
|
10
|
11
|
12
|
13
|
14
|
15
|
|
16
|
17
|
18
|
19
|
20
|
21
|
22
|
|
23
|
24
|
25
|
26
|
27
|
28
|
29
|
|
30
|
31
|
|
|
|
|
|
|
|
77 members (000buck, Bread, Mbrock, Kdog, Remington270, NotsoBright, mopar, gman, CAL, ALclearcut, booner, limabean, Skullworks, Alb, Peach, Chiller, sw1002, Bowfish, jchurch, rkt, dustymac, Bulls eye, kyles, AWT6, Fishminer91, Kang, Joe4majors, Chaser357, GATA87, akbejeepin, Big AL 76, HURRICANE, TEM, misfire, SC53, Prohunter3509, Jweeks, Crawfish, Geeb, JA, Dean, Young20, sawdust, TideWJO, UA Hunter, k bush, janiemae, Bustinbeards, Carp54, jaredhunts, !shiloh!, Turkeyneck78, CrappieMan, Cynical, 3Gs, Johnathan, Honcho, Davyalabama, DonH, graydw1, BC, cartervj, BrandonClark, crenshawco, outdoorguy88, 7PTSPREAD, Dragfan66, tmhrmh, shootnmiss, Josh3, 7 invisible),
643
guests, and
0
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
|
Joined: Aug 2014
Posts: 22,824 Likes: 198
Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
|
|
Impatient Stinky Britches Wearin’ Off-Roadin’ Guru
Joined: Aug 2014
Posts: 22,824 Likes: 198 |
Here's some numbers to crunch on, and I regularly have this discussion (usually with "old people") when they criticize younger folks for seemingly struggling more than the older folks did at their age.........1990 vs 2025 (1990 $'s have been converted to 2025 $'s for apples-to-apples comparison)
Median Household Income (AL) 1990 - $57,000 (again, converted to $2025) 2025 - $64,000 so roughly a 12% increase
Avg New Vehicle Price 1990 - $37,500 - 66% of yearly Household Income (again, converted to $2025) 2025 - $50,000 - 78% of yearly Household Income so roughly a 34% increase, and a 12% increase in "percentage of Yearly Household Income"
Median Home Price (AL) 1990 - $130,000 - roughly 2.28x Yearly Household Income (again, converted to $2025) 2025 - $234,000 - roughly 3.66x Yearly Household Income so roughly 80% increase overall, and 60% higher vs Yearly Household income.
The takeaway is that, after adjusting for inflation, households are making 12% more than they made 35yrs ago, but vehicles cost 34% more than they did 35yrs ago, and houses cost 80% more than they did 35yrs ago.
Homes and vehicles...the 2 largest expenses most people have...are rising a LOT faster than income. That simply isn't sustainable long-term. I don't know what the answer is.
Isaiah 5:20
|
|
1 member likes this:
Narrow Gap |
|
|
|
|