Things Were So Cheap Back Then!... or were they?
If ever there was a myth about history it would be this: Things were dirt cheap back then.
Were they really?
And this is where I rub my hands together and cackle with geeky glee. Just like we shouldn't judge our ancestors solely based on current standards and social norms, we shouldn't judge prices of yesteryear by today's dollar value.
I'll give you some examples.
(And don't worry. I'm not going to get super technical or get all crazy on the math, because Math is not my strongest subject. I'll fully admit I got my math-savvy husband to help me remember the equations I learned from my college economics class.)
I was looking in one of my Health-for-Victory meal planning guide from 1943. They stated that if you followed their meal plan, you could expect to spend between $14 - $16 a week on groceries. You're probably thinking, WOW! I'd love to pay $14/week for groceries! But what's the value of 1943's $14 in our current year of 2015?
Here'…
Were they really?
And this is where I rub my hands together and cackle with geeky glee. Just like we shouldn't judge our ancestors solely based on current standards and social norms, we shouldn't judge prices of yesteryear by today's dollar value.
I'll give you some examples.
(And don't worry. I'm not going to get super technical or get all crazy on the math, because Math is not my strongest subject. I'll fully admit I got my math-savvy husband to help me remember the equations I learned from my college economics class.)
I was looking in one of my Health-for-Victory meal planning guide from 1943. They stated that if you followed their meal plan, you could expect to spend between $14 - $16 a week on groceries. You're probably thinking, WOW! I'd love to pay $14/week for groceries! But what's the value of 1943's $14 in our current year of 2015?
Here'…
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