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Yeah, that's the point I mentioned in "6K is easy to save today but wasn't in 1955". I'm interested to see an analysis that takes that into account. But I don
by chubot 9y ago
Yeah, that's the point I mentioned in "6K is easy to save today but wasn't in 1955".
I'm interested to see an analysis that takes that into account. But I don't think it changes the overall conclusion. I think that starting in 1951, on a secretary's salary, you could have used an indexing strategy to end up with $8.2M. Should be pretty easy to prove or disprove.
One thing I don't know is how much secretaries made back then. Presumably her wages increased a non-neglible amount over time.
- verelo 9y agoIn 1955 $6k was very much likely over 50% of her yearly income. Agreed, unlikely.