Quote:
Originally Posted by Chevy55
Went to work as a teamster in 1962, earned $2.96 hr, bought a 63 Impala SS 327, 4sp, in 64 got married and bought a 2 yr old 3 bedroom ranch on Long Island but today a kid would need at least $40 hr to match that but it seems that somehow for some strange reason no one ever noticed this inflation thing till now.
As for college, Germany has had free college for over a 100 years as do many other Countries but in America the Right Wing afraid of threat of an educated proletariat created the student debt crisis during the Reagan years. IMO Reagan is the one that owes you a 63 Vette!
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We all vividly remember. I remember buying my first car, a transplanted crate motor L-88 1969 Z-28 that I drove to high school with my paper route money. And paid cash. 1695.00 for a 3-year-old sports car. A few months later, after graduation, I was renting an all utilities paid apartment in the nice end of town for 90 bucks a month. Sold the Camaro, bought a full option 73 Corvette (in 74) L-82 motor, leather, the works. One week's pay made the 143.00 car payment (three year loan was maximum in those days), another paid the rent. My healthcare was paid for by my union.... I still had 2 weeks' pay to get loaded every weekend, go to rock concerts, white water rafting, nascar races, drag races, buy nice clothes. At the time I had one of the nicest stereos in town and after closing up the bars would take whoever was left and party till daybreak. Life was a BALL! And money was not an issue. Oddly enough I was working at what most considered to be the craphole of Zanesville. Essex Wire. An electromechanical stamping and assembly plant employing 1300 women and 200 guys. Fast forward to today. Not just today, but the last 30 years. Kids couldn't afford the car, let alone anything else. It's just a sad place to be a youth. We were so lucky.