In 1970, a year of tuition at a public university
cost $1,207. Compared to 2010 cost of
$13,216 per year. That’s a 994% increase in the cost of per year.
In 1970, you could work 755 hours at a minimum wage job over
the course of a year to earn enough to pay for a year of college. By 2010, that increased to 1,823 hours at a minimum wage job over the course of a year. A 141% increase.
Additionally, a college education is
more of a requirement than it was in 1970. In 1973, 72% of jobs available for
workers in the United States had only a high school diploma or had
dropped out of school. In 2007, that number had dropped to 41%, and 43% drop that continues to grow yearly.
HOUSING & HOUSEHOLD GOODS
The median price of a home sold in the
United States in January 1970 was $23,600, and in 2011 was $240,100. That’s an
increase of 917%, one on par with the jump in education prices.
words, even after the housing collapse, a home today costs
approximately three times as much as a home in 1970 compared to the
average wage that a person earns. The Full Picture The minimum wage in
the United States has gone up 353% since 1970, and average incomes have
gone up approximately 500%.
In the eyes of an average worker from 1970
compered to today, the prices at the grocery store have remained largely
If the eyes of a minimum wage earner from 1970 compared to
today, the prices at the grocery store have gone up about 30%.