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How much was a gold $20 Double Eagle worth in the late 1800s?
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<p>[QUOTE="fiddlehead, post: 6077946, member: 31286"]OMG, we live on different planets, man. Those folks who gave their kids one orange for christmas and survived the depression were absolutely frugal, that doesn't mean they were able to save money. It's really not a matter of opinion, it's statistics and fact. They used a much higher percentage of their income on day to day expenses than we do today - although at least 40% of Americans today do not have any significant savings. If people waste money on trivial things today at a higher rate in the past, which I think they might, it isn't because the want to as much as because they can. That expensive rifle your refer to was both a rarety and in some cases their everyday tool, unless they were the landowner. And that - doesn't count. Check out net worth by percentage today, then cut it in half in real dollars and you might be somewhere near 19th and early 20th century life - especially in the city where after the civil way the majority of people in the US lived.[/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 6077946, member: 31286"]OMG, we live on different planets, man. Those folks who gave their kids one orange for christmas and survived the depression were absolutely frugal, that doesn't mean they were able to save money. It's really not a matter of opinion, it's statistics and fact. They used a much higher percentage of their income on day to day expenses than we do today - although at least 40% of Americans today do not have any significant savings. If people waste money on trivial things today at a higher rate in the past, which I think they might, it isn't because the want to as much as because they can. That expensive rifle your refer to was both a rarety and in some cases their everyday tool, unless they were the landowner. And that - doesn't count. Check out net worth by percentage today, then cut it in half in real dollars and you might be somewhere near 19th and early 20th century life - especially in the city where after the civil way the majority of people in the US lived.[/QUOTE]
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