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Residents Association of Greater Lake Mathews

RAGLM Board > General Discussion > Did you make $260k this year? Why Not?
1/30/2014 6:33:35 PM
The Hard Times Are Yet To ComeReply: Hugh
You think the hard time is now? Wait five years and learn what hard times is really about. With the total distruction of our health care system, a true unemployment rate of nearly 22%, and more for blacks and young workers, proper education in the toilet, the decline of personal savings rate to less than 1% and over half of all people in the world that are unempolyed are in the USA. 47 million adults receive food stamps, with more to follow. The 'hard' times are yet to come. This is only the tip of the iceberg that the current Administration has created.
1/30/2014 10:04:36 AM
Good PointReply: BillB
In 1965 you could buy a 3 bedroom house for about $10k, $20k would get you a luxury place. A person earning $13k was upper-middle class. As an Ironworker, I made $3.58 an hour. It was considered big money at that time.

1/30/2014 9:04:24 AM
Some DataReply: Nathan
Here is a link to some data. You will need to look through it to understand it but it states from US Census Data. I am not familiar with how to filter census data so I do rely on economists to do this for me. I will see if I can find others.

Link to some data
1/30/2014 8:57:23 AM
IncomeReply: Nathan
   Thanks for the data. I will have to dig a little further as I am never a big fan of Government numbers as they are never calculated the way the rest of the world does. I have looked at many respected economic sites and the numbers I gave were what they boasted stating it was based on the U.S. Census.

I just wanted people to see what their dollar is really worth today. When I get some extra time, I will try to find some hard data to post here as well. Thanks again for the link yet it is contrary to everything I have found. Please keep the information coming, the only way we come to find the truth is to keep an open dialog.
1/30/2014 8:44:14 AM
US Department of commerceReply: MayorShinn
According to the US Department of Commerce the median household income for 1965 was $6,900. Here's the link: http://www2.census.gov/prod2/popscan/p60-049.pdf 
Using the calculator, that equates to $51,000 today.
1/29/2014 10:04:54 PM
Response to: Did you make $260k this year? Why Not?Reply: Gayle Geer
Thank you for sharing this, Nathan. I appreciate the information. I am very glad your family did not give up on your grandfather as the doctors had hoped for.
1/29/2014 5:08:45 PM
Did you make $260k this year? Why Not?Post: Nathan
I just wanted to share this with everyone as maybe this will help you start to understand why life has gotten harder over the years.

This is the CPI calculator.

What is CPI, in short (Consumer Price Index). The price paid by urban consumers for a basket of goods. This is how inflation is calculated. This is basically the buying power of your dollar.

In 1965, pre-Government handout times. OK, I know this is not before all handouts just since the acceleration of it.

Based on the CPI index the average household income should be $260K today to live as we did in the sixties. That's right the average household income in the 60's was $35K today it is on $46K. However in the 60's your buying power was almost 8 times greater.

PLEASE pay attention to all of the printing of money and free handouts as they are not FREE. In-fact if you look at the numbers, they have cost you greatly. Ask yourself, are we better off today then we were in the 50's and 60's? Education, taxes, regulation, freedoms, crime etc. I argue that it has only gotten worse and I am so glad I got to pay for it.

If this stuff makes sense to you and you want a better quality of life, pass this on and start paying attention when you vote for all of your elected officials please for the sake of our children. Remember this is still YOUR Country and YOUR Government so get up and run for office and make changes. Let's take our Country back.

I can prove we still have a chance, if they did not need us or our money, we would not still be here. Hence Government Healthcare, they will pick and choose winners as they always do. let us see how that pans out.

OK, I did not want to share this but I will to make a point. My grandfather recently fell ill. All of the doctors and 'specialists' said he probably will not make it and chances are if he does he will not be normal. Well my family not accepting that answer as I do not think anyone would, paid out of pocket for a specialist who amazingly told the exact opposite story and today my grandfather is starting to wake.

PLEASE WAKE UP people. Now is our time this is OUR country, time to own it again.

Sorry for the long email this is just something I found interesting and felt I needed to share.
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