BTCMeansFreedom4All on Nostr: How different are our income levels since 1960? More than you think. In 1960 the ...
How different are our income levels since 1960? More than you think.
In 1960 the Median income was $11,900 = 160 Oz of Gold, which today is worth $440,000.
In 1960 the Median home was $11,900 = 340 Oz of Gold, which today is worth $935,000.
A ratio of 2.125 (Home/Income).
In 2024 the Median income was $80,610, today that equals 29.3 Oz of Gold.
In 2024 the Median home was $420,400, today that equals 152.9 Oz of Gold.
A ratio of 5.215.
In gold terms homes actually dropped in cost 1.2% a year on average over the last 65 years. While income has dropped 2.6% a year on average.
Life isn't getting more expensive, you are just getting poorer faster than costs are dropping!
The table below shows various data points supporting this conclusion.
In 1960 the Median income was $11,900 = 160 Oz of Gold, which today is worth $440,000.
In 1960 the Median home was $11,900 = 340 Oz of Gold, which today is worth $935,000.
A ratio of 2.125 (Home/Income).
In 2024 the Median income was $80,610, today that equals 29.3 Oz of Gold.
In 2024 the Median home was $420,400, today that equals 152.9 Oz of Gold.
A ratio of 5.215.
In gold terms homes actually dropped in cost 1.2% a year on average over the last 65 years. While income has dropped 2.6% a year on average.
Life isn't getting more expensive, you are just getting poorer faster than costs are dropping!
The table below shows various data points supporting this conclusion.