A Glimpse at Your Expenses 100 Years Ago

If every year it feels like everything costs a little more, it isn’t your imagination. Inflation takes its toll over the years, and as 2014 passes into the annals of history, let’s take a look back at how much we were spending a century ago.

Take-home pay in 2015 vs. 1915. Census Bureau data show that the median household income, measured from 2009 to 2013 (the most recent data available), is $53,046. Back in 1915, two years after INCOME TAX came on the scene, you were doing about average if you were making $687 a year, according to the Census. That is, if you were a man. If you were a woman, cut that number by about half.

Today, that $687 would be comparable to EARNING $16,063 a year, according to an inflation CALCULATOR on the Bureau of Labor Statistics’ website. So Americans’ buying power has improved considerably in the last century. More here

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