In 1964 it was $1.25, and quarters were made from silver that’s worth over $10 per coin today.

Don’t forget college. You can compare 1960 or, a1960 baby went off to college in 1978. Scroll down:

https://educationdata.org/average-cost-of-college-by-year

My dad was either a child or in the military during the 60s. But I asked him how much he made in the early 70s and he said $4. Which inflation calculator says is $34 today. He didnt even have a degree, I think he was working in a ship yard. I forgot to ask.

A lot of cross-referencing, finding studies/articles and historical archives of both for the time period (conveniently one from 1955 was available) regarding 2 bedroom house prices on average across the Kingdom, and the government’s data on minimum wages. I made sure to compare the national data with at least two cities in separate regions. I divided the house cost by the wage per hour for each period, and got the hours necessary to earn that much. I then made a very rough assumption of the ability to save 40% of the total earned and arrived at a more realistic timeframe to buy a house outright.

Once I had the monetary value of each thing I put them into the RBS Inflation Calculator to see their value today. Minimum wages in 1955 were equal to ~£25 (in 2018), but 2 bed house prices were nearly half the price they are now, so for the wages to match the housing market also they need to be ~£48 today. (I performed this study in 2018 but before an event involving the loss of most of my digital data. I should remake the study so you guys don’t rely on my memory alone)

That’s not really relevant.

There are plenty of reasons for houses to be bigger today; things like improved building techniques, better heating.

Also, I doubt the claim. In my area, when a big old one family house gets torn down, it’s usually replaced by a dozen condos. The average size of today’s houses might be skewed by giant mansions

The kind of homes that would be a starter home for a working class family back in the 1950s just don’t exist anymore.

First of all, yes they do. They’re just mostly condos instead of single-family detached houses.

Second, even houses literally built in the '50s that still exist are expensive these days.

I understand the urges and anger at the current system that inspire this kind of reply, but as another user pointed out, this guy, even if ostensibly on the side of the working class, is distributing misinformation.

The plight of the proletariat is dire as is, we don’t need to resort to far right tactics to prove that point and citing fake studies weakens the case for change in the eyes of people who have the media literacy to check those things.

Yo, thanks for doing the work on this. I was really curious about the sources for this, because I’d love to show it to some people I know who don’t engage in these sorts of spaces that haven’t yet woken up to the plight of the proletariat that they in fact share.

I made my comment in between waking up and getting my morning chores done, so I was hopeful someone would be able to cite the study during the work week this week as me and my coworkers gripe about rising costs, hopeful that’d shake some of them out of their rabid dedication to the messaging of the Republican party. It’s a shame it’s a farce.

I understand media literacy is on the decline, and I understand the appeal to want to say things like this because they certainly feel true, but I wasn’t alive in '71 and this sort of comparison, while poignant, requires some more study and math than I think is approachable to the average bear.

We all gotta be on the lookout for dishonest actors like this. These kind of tactics are exactly what the far right have been doing for decades to fool their base.