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Great video! I wonder what percentage of monthly household income an average book cost then as opposed to now.
by korussian 15y ago
Great video! I wonder what percentage of monthly household income an average book cost then as opposed to now.
- mmcconnell1618 15y agoUS Census estimated 1947 median income at $3,000 (in 1947 dollars) http://www2.census.gov/prod2/popscan/p60-005.pdf http://www2.census.gov/prod2/popscan/p60-005.pdf Cost of books in 1947? $0.25 to $2.50 http://commons.wikimedia.org/wiki/File:AmericasBestComics2202.jpg http://commons.wikimedia.org/wiki/File:AmericasBestComics220... $1.50 / $3,000 = 0.05% of income in 1947 $7.99 / $49,777 (2009) = 0.016% of income in 2009 Some other costs in 1947: Average Cost of new house $6,600.00 Average wages per year $2,850.00 Cost of a gallon of Gas 15 cents Average Cost of a new car $1,300.00 Loaf of Bread 13 cents United States Postage Stamp 3 cents Men's Sweater $8.50 Bulova Men's Watch $52.50 from http://www.thepeoplehistory.com/1947.html http://www.thepeoplehistory.com/1947.html