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Average US salary in today's dollars: 1930 - $ 250,000 2010 - $ 50,000 Add to that the declining purchasing power of the dollar, the growing income disparit
by blurry 16y ago
Average US salary in today's dollars:
1930 - $ 250,000
2010 - $ 50,000
Add to that the declining purchasing power of the dollar, the growing income disparity and the thinning out of the middle and upper-middle class, etc, etc.
Average life expectancy in the US:
1930 - 60 yrs
2010 - 78 yrs
Clearly, Mr. Buffet's statement is PR rather than fact.
- cheez 16y agoI don't understand your salary number. Do you mean that if you earned $250K in 1930, that is equivalent to $50K today? Isn't that good?
- blurry 16y agoThe line break disappeared when I posted. With the line break, it was: Average US salary in today's dollars: 1930 - $ 250,000 2010 - $ 50,000 So, no, it's not good. When adjusted for inflation, the average American has about 5 times less purchasing power.
- cheez 16y agoI understand now but you should have some sources to back that up!