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Cost of living in the 1970's-prices, average salary, life expectancy, etc.

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caleb roberts

on 30 January 2013

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Transcript of Cost of living in the 1970's-prices, average salary, life expectancy, etc.

By: Caleb Roberts Cost of living in the 1970's Hit record highs

Families should brace themselves for drop in standard living

The price of food, clothes, petrol and other goods are set to climb far faster then most salaries

decrease in prices would reduce families incomes

this will mean inflation going up and standard living going down Oil and food From 1960-1970 the cost of housing went from $16,500 to $26,500 Cost of Housing A gallon of milk in 1975- $1.57

A ticket to the movies in 1975-$2.03 How much did it cost in 1970's? The federal government changed the way it calculates increases to social security benefits Cost of living adjustment In 1970, minimum was $1.60 an hour. Today its $7.25 an hour. That's a 353% increase over that period of time.

In January 1970, the consumer price index was 37.8. In January 2011, it was 220.223. That's a 428% increase over the period were looking at. The cost of inflation Vs. Minimum wage Inflation ranged from around 5% in 1971 A gallon of gas in 1975-$0.57 Minimum wage in 1975- $2.10 In 1975 the social security Administration began using an annual cost of living The cost of a Nation of incarceration

A report by the organization, "The price of Prisons," states that the cost of incarceration one inmate in Fiscal 2010 was $31,307 per year. Living in 1974

Average cost of a new house $34,900
Average monthly rent $185.00 Are we spending to Much?

Averaging between all ages, between 1970 and 2000 medical spending resonably good value, with an average cost per life yeargained$19,900 1970 Toys

One of the big toys that came out during the 1970s was the Hot Wheels cars Hospital cost inflation

In 1970 the hospital services cost the nation more than $20 billion. Resources www.telegraph.co.uk>news>major events



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