4 ms·
An 1924 Ford cost $265 (In this Freedom Mailer: http://www.oldcarbrochures.com/static/NA/Ford/1924_Ford/1924%20Ford%20Freedom%20Mailer/image2.html http://www.ol
by wimagguc 7y ago
An 1924 Ford cost $265 (In this Freedom Mailer: http://www.oldcarbrochures.com/static/NA/Ford/1924_Ford/1924%20Ford%20Freedom%20Mailer/image2.html http://www.oldcarbrochures.com/static/NA/Ford/1924_Ford/1924...), which in today's money is only $3,968 (based on https://www.usinflationcalculator.com https://www.usinflationcalculator.com). Is that true? Why didn't _everybody_ have a car?
- read_if_gay_ 7y agoEmployee wages were lower as well I suppose.
- wimagguc 7y agoWouldn't that be incorporated in the inflation though?
- sokoloff 7y ago1924 cars took a lot of labor on an on-going basis to keep running. (Hell, 1960s cars took a lot of labor to keep running as compared to today's cars that visit a mechanic perhaps annually.)
- em500 7y ago$265 is an outlier, $2000 was more typical: http://www.1920-30.com/automobiles/1922-car-prices.html http://www.1920-30.com/automobiles/1922-car-prices.html Incomes in 1920 (for the selection who paid income taxes) were around $3200: https://www.irs.gov/pub/irs-soi/20soirepar.pdf https://www.irs.gov/pub/irs-soi/20soirepar.pdf