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Prices of Common Items in the 1990's

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  • Prices of Common Items in the 1990's

    I'm getting an error trying to post up the full article, but I provided a link below.
    It's crazy to look back to see what some common items cost back in the 90's compared to today.

    Here is an article for the main page of SavingAdvice.com

    https://www.savingadvice.com/article...0s-prices.html

    Brian

  • #2
    That article is cheap click bait. If you run most of those numbers through an inflation calculator, you'll find that most of the 1990 prices are pretty much the same in 2022 dollars. You can't look at absolute numbers and say things are more expensive today because, as the article does mention at the very end, wages have grown too. It's mostly proportional so stuff isn't really more expensive than it was back then, though there are certainly exceptions.
    Steve

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    • #3
      Cars and houses are what always stand out to me. In the early 90s minimum wage was $4.25. Today it's $7.25. At the same time a new F150 cost $11,000 then and today new F150s roll off the lot for $50k+. Sure we can make the case that people working a minimum wage job shouldn't be buying a new car, but the fact remains that we've made cars unaffordable for low wage earners and public transportation is not reliable or efficient in many places. Same with housing - in many places in the country, homeownership is a pipedream without dual incomes or a house hacking strategy. Couple that with childcare costs - since its often not even an option for one spouse to stay home anymore - and people are just in a spiral of trying to keep their heads above water.

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      • #4
        Its all inflation.

        If you want real sticker shock look into the future. The average house will be $800,000. Gas will be $20 per gallon. A bottle of Coke will be $10. I will make sure to bump this post in 2040 to prove I am right.

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        • #5
          Originally posted by myrdale View Post
          Its all inflation.

          If you want real sticker shock look into the future. The average house will be $800,000. Gas will be $20 per gallon. A bottle of Coke will be $10. I will make sure to bump this post in 2040 to prove I am right.
          Housing performed great as an in the first few years of the Weimar Republic - hyper inflation made everyone billionaires.
          james.c.hendrickson@gmail.com
          202.468.6043

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