4 ms·
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=30&year1=1995&year2=2015 http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=30&year1=1995&y... $30k in 1995 is around $4
by pachydermic 12y ago
http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=30&year1=1995&year2=2015 http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=30&year1=1995&y...
$30k in 1995 is around $45k now adjusted for inflation.
One important factor to remember is that the cost of education has risen a lot (even in real terms) since the 90's. A student graduating today is way more likely to carry a substantial student debt so that money just doesn't go as far as it used to once you factor in wealth.
- themark 12y agoI think there is a a general feeling of entitlement today as well. Since you mentioned it, I wonder how much the percentage of graduates that actually had to take out loans has changed.
- bwb 12y agoI don't think there is anymore entitlement than in the past. I think that is just something old people say about the next generation :) College has increased in price so much compared to inflation. My parents paid for all their school bills while working part time, you can't even pretend to do that now.
- themark 12y agoI just remember most entry level jobs being well under 30K in the mid 90s. College degree, major city, etc.