Friday, July 23, 2010

Inflation


Doing a NewspaperARCHIVE.com search the other day, I encountered a story from July 1965 where my Dad's first job out of college made the news.  His monthly gross salary was included in the article--$525. 

He was paid just $6,300 a year?  Yikes.

Today, that monthly amount wouldn't pay for any one of my mortgage, three kids' Catholic school tuition, or car monthly payments.

I guess that's what 45 years of inflation does.

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