917
cost of living 86 years ago
(sh.itjust.works)
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this post was submitted on 26 Jan 2024
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Average income of $1,731/yr is equivalent to $37,393 in present dollars. Current average wage is $63,795.
Yes but a house would only cost $84,240 in todays dollars. It's all relative.
Which begs the question, is $1,731 really equivalent to $37,393? Because it sure sounds like we aren't using the right metric for that conversion.
Depends on what you want to buy. An inflation index uses select goods and services that are thought to represent the general economy but it'll be different for any one individual.