Quote:
Originally Posted by Isaac Zachary
Another question I have in my head is if we are comparing older car prices using inflation based off prices of goods or off of wages? And if we go by wages, are we going by average wages or by median wages? It just appears (again going by my intuition, opinion and limted observations) it just appears that there was a time in the USA that an individual could single handedly provide for a family of some 4 or 5 or more members including a house and at least one car, where as now you need two income workers and you still don't have enough for a house or even a new car. (Unless you move to Michigan of course where at least you'd be able to afford a new house and perhaps some day a new car.)
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The Federal Reserve has that data going back to 1979
The median worker is doing quite a bit better today than when you could buy a 1980's Hyundai. Which were junk and rusted away to nothing in no time. Hyundai started their 10 year warranty to buy back customer confidence because their early cars were so bad.
