[ARC5] inflation

[J. Forster]

Consider that if your ancestor was middle class, he likely had household
help. My parents and grandparents did. I can't afford that luxury today.
VERY few can, but it was common years ago.

Who has the better life style? Would you rather have HDTV and an iPod or a
maid? I'd choose the maid.

FWIW,
-John

==============



> The average life expectancy today in the US is 78. I wonder what it was
> back in 1982?
>
> Mike N2MS
>
> ----- Original Message -----
> From: gordon white
> To: Discussion of AN/ARC-5 military radio equipment.
> Cc: David Stinson
> Sent: Fri, 19 Feb 2010 15:43:04 +0000 (UTC)
> Subject: Re: [ARC5] inflation
>
> When doing family research I attempted to  equate my great grandfather's
> income in 1892 with an equal amount today. Since there were no income or
> payroll taxes then, what he earned was worth at least 50% more than even
> an inflation-adjusted amount today. No Social Security tax, no medicare
> tax, no capital gains tax, though of course he had to finance his own
> medical expenses and retirement. Difficult to figure.
>
> - Gordon
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