A lovely editorial comment on Coinflation...

In 1913 the avg family only needed one breed winner, now it's the norm to have two incomes per family....something's not right with you stats or lack of stats.

 

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For the low level of a living standard, that might be true. For all of those who look fondly at such "good old days", spend some time looking at the houses they lived in, working conditions and hours, what they ate, etc. They had a standard of living then most americans would not accept today.

 

Mean and average are very different, as are mean incomes and household incomes.

I thought US mean household incomes was around the forties, but I do not have a source handy.

 

Nothing wrong with the numbers. First off, the numbers showit is actaully not the norm to have two incomes. The actaully number is 42% so less than half.

Now go back to 1913, it was a bit different, while there may not have been as many women with traditional paycheck type of jobs, these women besides raising the family also worked their butts of providing for the family. Many tended livestock, took care of crops, took in thinks like sewing, laundering, whatever they could do. To even think there was just one wage earner and that was all that was need to provide the family a good life is just not reality.

 

Nah, Chris was right, you proved the pro fiat folks point, congrats. The stackers have already dispatched the boys to take away your stacker union card and all of it privileges. You da MAN!!!!

 

Can you provide a link, those numbers are too low, they may be showing NET of something else. While there is variation on the numbers depending on where you get them from, almost everyone including the SS folks are publishing numbers in the mid to high forties for individuals.

 

LOL at asking for a MSM link. At some point you'll figure out that they will spew the stats and info that they'd like you to believe, whether true or a flat fabrication isn't important to them.

 

Interesting way to live, just don't believe anything. At least you can't be proven wrong, anytime the facts stack up against you, hey, da man is liar. Of course with just a little DD you could actually verify and cross reference some of this stuff. So what statistic exactly do you disagree with, maybe you could check it out and make a case, back by something instead of just spewing "they are liars" C'mon Peace, time rise to the occasion.

 

Well, I grew up in the fifties and it was usually one earner then. My wife didn't work when our kids were young in the 70's and when she did after they started school, it was part time and all extra money.

Things have changed, and not for the better.

 

Yes, you can make an argument that things were "better" in the 60's (family values etc.) but I don't think the argument can be made that the family had more buying power which is what we are talking about. Sure I grew up in a single earner family too, but we didn't have a car, didn't go on vacations, and heavens forbid, we all had to share ONE bathroom. Something that is unheard of today. People just want and have more stuff now.

 

I didn't bookmark it, but, think it was a '.gov' site. Googling around I haven't seen it yet, but, wikipedia has an entry for personal income distribution for 2010 (u.s. census bureau sourced, 2010) There's a table of data...
"Of those individuals with income who were older than 15 years of age, slightly under 45% had incomes below $25,000 while the top 10.43% had incomes exceeding $82,500 a year in 2010." "Cumulative percentage-- less than $25k was 48.01%". So 50% (the middle) would be a bit higher than $25,000.

 

My family had two cars, a sail boat and two bathrooms

My wife and I had two cars but only one bathroom for years. When my mother moved in with us after her divorce, we added a second.

Family values? No, I don't think they were any better then.

Life is not as good as it was then. The middle class has been squeezed almost out of existence. That's reality. It will change again after robotics and AI destroys cheap labor everywhere, but there's a whole other set of problems that comes with that. Who buys your goods when almost NOBODY has a job? Do we go to socialism? Will it matter? Who knows - not I.

 

I think I see the discrepancy, this is from the Wiki article

"The overall median income for all 155 million persons over the age of 15 who worked with earnings in 2005 was $28,567"

Beside being almost 9 years ago, this seems to include folks as young as 15. As a lot of folks stay in school until 22 or longer, they make little (part time) money. Including these folks would certainly bring the numbers down. My guess would be other sources do not include these folks.

 

If your lived that type of life in the 60's that was certainly not the norm and by no means average. I never said there weren't rich folks then, and as always things are good for the rich.

 

We were not rich. We were middle class. LIFE WAS BETTER THEN.

Look, I'm not blaming inflation, Democrats or Republicans or even corporate greed. I don't believe that there is anything we could have done better - well, maybe not so many dumb wars, but even without those we were going to get here anyway. Automation kills jobs. So called "knowledge workers" smugly assumed they were immune to that, but they aren't. In fact, the only job I can think of that cannot eventually be replaced by robots and AI is politicians.

The full eventuality might be a century away or it might only be twenty years, but it is coming and we are going to have to deal with it. In the meantime, there will be more pain and suffering, more stupid wars and more stupidity from the only ones who will have secure employment (the aforementioned politicians).

I wouldn't want to be 20 right now. The future is going to be tough to navigate.

 

Of course the statistics and info you're looking for is in plain sight and printed every day. You should probably open your eyes, not for your sake, but the sake of your children, grandchildren and generations to come. It's a crying shame the population of this world is so apathetic to what is really going on with energy, the world economy and population that it's scary. You just keep believing everything is rainbows and unicorns, I'll continue to live in reality of a coming catastrophic events.

 

Typically humans view things in respect to their life span. Back when 31 was the average global life span ( 1900) , people in the US viewed their life enjoyment level as better than now with medical advances, over-population,and other global problems producing increasing life spans, even as we over populate and damage the environment. Without antibiotics, I would have died in 1900 if I was alive then, as would millions more in the wars later that were treated either surgically or drugs.

The will always be catastrophic events, both on a local scale and a planet scale. Local events may be limited by money and resources, but world wide many will not. If one doesn't have relatives in the Philippines, you have probably forgotten about the damage and lives lost from this years Super typhoon Haiyan, but the ones affected have not. No amount of stored gold or cash could have prevented it from happening. Global catastrophes such as asteroids, super volcanoes , such as Yellowstone or Italy, when they erupt will kill millions and affect the whole world with a 'volcano winter' for several years. I personally hope all of my family has passed peacefully before humans face a real 'bad event'. Humans gone, will give other organisms a chance to improve life

 

In 1913 - $1.00 equaled the purcahsing power of approximately 90% of 4% of an ounce of gold.

If the catastrophic event is a century or maybe 20 years away - then why invest with a mindset as if the event is going to happen tomorow?

 

Peace, you are just going way off topic, and I don't know why. There are tons of issue in the World, and I am not blind to then. We are talking about Inflation here and inflation is just not one of those problems. If you feel it is a problem please step up and present your case. It is of little use to throw up your hands and say, "Can't you see all the terrible problems we have like energy and population?" How is that an argument? That is just a rant.

Also I never EVER said I think everything is rainbows and Unicorns, why would you accuse me of that. My only point in this topic is Infaltion has not been a problem for us here in the US. I believe I have thouroghly made my point. Again, if you disagree, please state your case.

 

It's not an event, it's a process and it's happening NOW.