The year was 1957

[Mark Musone]

Being a total geek, I adjusted the costs for inflation (about 6.66x)
pretty interesting seeing what truly has gone up or down:
 
                             
"I'll tell you one thing, if things keep going the way they are, it's
going 
to be impossible to buy a week's groceries for $20." 


                        $133.20 – This is pretty much dead on with
buying a weeks worth of grocery’s today (for a family I’m assuming)
 
            

"Have you seen the new cars coming out next year? 
It won't be long before $2000 will only buy a used one." 


                        $13,320 – Fairly reasonable current price of new
cars
 

"If cigarettes keep going up in price, I'm going to quit.
A quarter a pack is ridiculous." 


 
            $1.66 – Cigarettes are much more than that (but since I
don’t smoke, I can’t be positive). I believe however that the higher
cost is in the taxes versus the actual product.
 
 

"Did you hear the post office is thinking a bout charging a dime just to

mail a letter?" 
 
                        $.66 – The post office has kept the price of
stamps considerably _lower_ than the corresponding inflation adjusted
equivalent 


"If they raise the minimum wage to $1, nobody will be able to hire
outside 
help at the store." 
            $6.66 – The current minimum wage is $5.15, so it’s pretty
much in line 
 

"When I first started driving, who would have thought gas would someday 
cost 29 cents a gallon. Guess we'd be better off leaving the car in the
garage." 


                        $1.93 – Yes, even gasoline is not excessively
expensive today
 


"Did you see where some baseball player just signed a contract for
$75,000 
a year just to play ball? It wouldn't surprise me if someday they'll be 
making more than the president." 


 
            $499,500 – Aren’t ball player making millions? they seem to
be quite ahead of inflation!
 


"There is no sense going to Lincoln or Omaha anymore for a weekend.
It costs nearly $15 a night to stay in a hotel." 
                        
                        $100/night – fairly much inline with hotels.
Motels however are still in the $35 range


"No one can afford to be sick any more; $35 a day in the hospital is too

rich for my blood." 


                        $233 – seems fairly correct

"If they think I'll pay 50 cents for a hair cut, forget it." 
 
               $3.33 – Well I know that when I get my hair cut at the
“salon” it costs me a whopping $20.00!
going to the local barber is a much more palatable $10.00, still, of all
things, hair cuts seem to be one of the highest
cost increases!
 
 
-Mark
 

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