Feb 11, 2009

The bad old days

According to this feature in Women's Day, the average price of eggs in the 1950s (adjusted for inflation) was $5.29 while the median household income was $23,738. By the 1970s, median household income had risen to $44,741 and round steak cost $9.33 a pound.

Nowadays the average price of eggs was $1.78 in the last quarter of 2008--cage free eggs were a whopping $3.05--while the median household income is $58,976. And I can get London Broil on special at Giant this week for $2.49 a pound--$3.49 if I want to shell out for the peppercorn dry rub.

Don't the folks at Women's Day know that we're living in the worst depression since the depression?

2 comments:

Jonathan said...

Good points. People tend to forget this stuff. We live in what people in previous times would have seen as a paradise.

Rachel said...

I was pretty astonished by the cost of food,