Price comparison between 1950 and 2007
Comparisons of purchasing power are no totally reliable way of measuring changes. or example a typical diet in most advanced countries will be rather different today from what it would have been before the refrigerator became a common household item. Therefore over long time spans, changes in prices give only the very roughest and most approximate idea of changes in the value of money.
So we have broken the items below into what the ‘average’ person would earn in a week.
In 1950 it would take 164 weeks to buy a house (just over 3 years) ….. In 2007 it will take 495 weeks (over 9 and a half years)
In 1950 it would take 96 weeks to buy a car ….. In 2007 it will take 37 weeks
In 1950 you could buy 43 packs of ciggys for one week ….. In 2007 you can buy 48 packs
In 1950 you could buy 40 gallons of petrol for one week ….. In 2007 you can buy 61 gallons of unleaded
In 1950 you could buy 31 cinema tickets for one week ….. In 2007 you can visit 49 times
In 1950 you could buy 122 Mars Bars for one week ….. In 2007 you can buy 747 bars
In 1950 you could buy 76 pints of beer for one week ….. In 2007 you can buy 107 pints
I just wanted to thank you for this blog post, the information here is really fascinating! I’m particularly interested in the implications of housing being more costly now than it was in the past.