Loading ...Social Security checks should be double what they are, and minimum basic livable wage should be $26/hr, that’s why young consumers didn’t have any savings accounts and or down payments before the ’08 crash.
A factor of 20 X the old prices is a good reference point. 15 X and you’re being nice.
Some Old Prices:
Newspaper .05 cents, Coffee .10 cents, Gasoline .25 cents, Cigarettes .25 cents, house $30,000-$40,000, decent car $2,500, Candy bars .05 cents, McDonalds burger .15 cents, slice of pizza and a small Coke .25 cents.
In 1965 I was offered a small house for $8,000, later on almost bought a full size one for $12,000. Late ’60s or early ’70s I was offered a nice full size waterfront house for $18,000. $550k today same house.
Go ahead and do X 15 on those numbers.