Cost Of Living In America Today Vs. 1980
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- Опубликовано: 3 окт 2024
- Most living expenses have gone up in price since 1980 (even when you adjust for inflation). That includes cars, homes, education - almost everything, except for our paychecks. Here's why paying for a house, a car and a college degree was possible in 1980 - but not so much today.
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This is actually terrifying.
Agenda 21
@@zackmoore1351 agenda 21 yes ur right
More terrifying now..
Brilliant Video
rundatrack Glad you enjoyed our first 8-bit explainer!
AJ+ Absolutely, more 8 and 16 bit videos to come. Anything that takes an artistic slant will get people to pay attention where as they might otherwise not. Keep it up!
AJ+ Do you have the sources for the numbers used? Would love to use them in some writing for classes.
100% agree with you guys on that.
I love the 1980's graphics. Really got the point across.
I'm finishing high school next year and all the shit I hear going on with the economy makes me worried
Blame unions you can't find a job
The economy right now is literally the best in the history of the us
dont go to college! only if you wannna be in the medicine world, lawyer, accountant or an engineer!
Bernie Sanders 2k16.
well lets hope so cause if i do remember in econ class the president does not control the prices of living nor the economy
Raymond Guzman True. However, the economic policies he wants to implement would help solve the issues displayed in this video. Obviously any legislation would have to go through congress, but he is the only candidate who has taken a strong stance towards fixing these issues.
Raymond Guzman really? i think you forgot to read the part where saint Reagan (praise be) stop the gas prices from skyrocketing during his term
Luis Montanez Democracy in the USA has had 102 years to fix the problem (fractional reserve banking). Why do you think it will suddenly work now? (No beef against Bernie, BTW.)
Simon al-shami What are you even talking about?! Reaganomics aka trickle down economics aka GOLDEN SHOWERS are the reason we have this problem in the first place!
Very True... a new car (Chevrolet or Ford) in 1970 was around $3200.00.
Heres a plan to save money in America 1, eat one meal a day, 2, dont drive, take a bike, walk, public transportation 3, go to community collage first and stay in state for public collages, 4, don't get a house, rent an apartment in the south and get the cheapest one 5, DON'T HAVE KIDS
ian ward Alternative plan:
1. Become a Bankster
2. Work out devious ways to rob the people
3. Profit
That’s the problem. We shouldn’t be doing this just to save money especially in a 1st world country
Good information and necessary for all to understand. (Presentation is annoying as hell to some of us, though.)
I agree with you but some of your facts are wrong pay hasn’t went down it has went up 2x but the cost of living went up 5x
awesome graphics great video! short and sweet
I left the United States to live abroad. The cost of living is too high, especially with the unbeleivable costs of rent and health insurance as you become an adult.
think it only going to get worse. :(
It has as of 2023
everyone in the comments is talking about bernie sanders... haha love you guys xD
this presentation made life look like a videogame
wait, life makes itself look like a videogame
Pay to Win, and stupidly expensive subscription fees
noobs,
PvP,
trade economy,
broken system
large guilds,
factions,
1 life/account - permadeath
sometimes an occasional glitch or bug
changing stats and equipment, which can also be pay to win
little to no beginning character creation
scammers, spammers, and trolls, lots and lots of trolls.
why would anyone play this game?
Find additional sources of income.
Only Bernie Sanders can save us #Sanders2k16
Nice job capitalism, you really got your money's worth when buying politicians...
:/
Sicstix how can u blame the capitalism? Maybe you are not educated enough to realize this country is now more socialist than ever before.
Plutocracy - Workers produce or they're homeless, rich people acquire
Capitalism - Workers produce because they feel like it?, everyone acquires (probably not feasible)
Socialism - No one produces, everyone acquires (definitely not feasible)
Stalinism - Workers produce or they're shot, state acquires
Android Economy - Androids produce, humans acquire (not yet tested)
Androcracy - Humans produce, androids acquire (not yet tested)
Small business owners are middle class capitalist
And with the Canadian dollar down from the USA Dollar, prices have really skyrocketed with the American companies in Canada trying to make up the lose in the dollar.
The car comparison was a Little Miss guided. There are plenty of good cars for $20k or less. I got my yaris for $15k.
So 30-years of trickle down economics has not worked, yes? If not Reaganomics - then what?
Make this video now. Last 4 years inflation has been equal to the previous 30 year inflation
It’s 2024 now and it’s gotten even worse
And guess what? Corporation's profits and earning are at a all time high. Those profits have to come from somewhere.
8bit, this is awesome
so what can we do about it?
No waitress could afford a house payment, car payment and college tuition in the 80's, or at any other time. That's complete nonsense. Back then, you had double-digit interest rates on homes, and you couldn't buy one without close to 20% down. Cars you could only finance 3-4 years, max. Double-digit rates for those, too. Everything was cheaper, but avg household income was also FAR less. Less than 30k until about 1986. Avg household income is over 100k now. No waitress was making that much back then.
No, a waitress or waiter putting themselves through school drove the same car their parents gave them in HS, or a $500 beater, shared an apartment with 2 other people, and scrapped and scrounged to pay for school. Ate ramen and other super cheap food.
Same as you can do now. People just refuse to deprive themselves of things today...now they have to have a fancy phone, Netflix, Amazon, nicer car, go out to eat and drink all the time, are fat as a result, and then complain that they can't afford things like their parents could back in the day.
While conveniently ignoring all the differences, or acknowledging that their parents who did that, did it by just barely hanging on, and working multiple jobs instead of going out for Starbucks.
boomer. Go back to math class or take another perc, dumbass.
Exactly
lets put a bernie sanders coin in the machine
Thus the reason why the richer get richer and poorer get poorer - the people at the top are devouring the profits of their corporations, profits which include the decrease in wages for us.
The problem is many people do not know what is causing the rising prices...
Several food items, consumer goods have actually fallen in real terms since 1980. This video is misleading.
HA! jokes on you AJ+ My parent weren't allowed affordable housing because of redlining and general housing discrimination!!
HAHAHAHAHAHA....:(
the average model new 1980 car cost around 7,000 dollars NOT 22K
Good points but a little misleading, many of our goods today such as cars are much better quality so the price has gone down. Also, food prices and other shit has gone down. Also, health care has also gone up in price drastically so that's important.
Last time I checked, food prices have gone up because of the drought....
Jane Doe Not all foods, and that's due to natural causes rather than supply and demand.
***** natural disasters affect the supply. The farmers lost a huge amount of their product so they make up for the cost by raising the price.
Jane Doe Supply and demand was the wrong term, I mean due to production costs. It's cheaper to produce food due to technological advancements and low labor costs.
More 8 bit please
I feel like playing a video game.
Minimum wage increased, food prices slightly down in some areas, and who gains? The property owners. My rent has jumped 10% over the last 18 months. Bummer.
shared.
Okay... Pretty montage.... Now, where's the actual data from that video?
No data? I thought so....
Houses here don't cost 300,000... I agree with this but places are different
God help us all
$33K is the average for a car nowadays? The fuck? I can get a Mercedes for that kind of price.
Good To KNow thaNKS
Spread the word. Bernie is coming.
Penfold 'OoO' political revolution.. a grass root movement for the citizens.. we elect competent politicians locally from the ground up
It will work..
Yeeeeah, about that ummm...
I wish. I wrote him in
You can not calculate like this ....you forgot the population in 1980 was very low and we do not need a lot of houses or cars.
just wondering where you got the data for the median income in 1980? and how you compared it to todays data?
Justin Treadway She just compared Purchasing power of each dollar in 1980's vs Today.
Kill the music or lower it pls good video
#BernieSanders2016 #BernieisthenewFDR Fight the corporate takeover of the USA. Work hard to put Bernie in and we will get the house cleaning we need badly!!!
They had things so much easier then and my Parents have the audacity of asking me for money
yeah you kind of cant. i think parents are much more understanding though in that yeah things are different now but ironically i find its people our age who still think living on their own is a must. and that if you are not living on your own by a certain age you are pathetic.
"Median" is a worthless number. It doesnt tell you anything about financial life or expected income. Average is alone is also pretty bad. You have to look at the mean median and mode all three together to have an idea of whats represented, especially the mode.
median is still a very good indicator. i mean, you know back then it was cheaper
@@nozem-dinglyboy-rebellion not at all a good indicator. look up mean, median, and mode.
Thats a lie i bought a house 2 years ago for 140k 3 bedrooms 2.5 bathrooms garage and averyting else in a nice neighborhood.
Before I start, Minimum wage was not, is not, and should never be a living wage.
I think a lower minimum wage can help the economy. If minimum wage is lower then there can be more job openings. With more job openings, more people can have more than one job.
Thats could perspective so many people want to be able to only get the minimum and enjoy the maximum which is not how life works
TheCapitalistic Well, assuming that more jobs=more money--->makes it people happier? Covering basic needs is one thing, but I always wonder why people think that money makes them happy...
TheCapitalistic You're absolutely right! I already work 80 hours a week at two minimum pay jobs and still can't afford decent heating! I look forward to even lower pay, so I can work 3 or even 4 jobs (120-160 hours a week). By working those extra jobs I'll never have a chance to be at home and awake at the same time, so won't even need heating at all! Problem solved! You are a genius!
Penfold 'OoO'
thanks
Penfold 'OoO' get abetter job that pays moe those do exsist, I didnt know community college cost that much seeing as I could pay for a full semester working part time at walgreens making minimum wage...but I guess society should pay for your misguided priorities.
All i see is Red.
this is why people can't afford to have kids anymore. Population control?
You Think 300,000 use or 200,000 usd is bad . Try living in Hong Kong. My apartment is about 2,000,000 usd and that is considered cheap and its less than 2,000 sq ft
Vinesh Khemlani the prices in downtown new york are much higher than 300000 too.
Vinesh Khemlani downtown nyc apartment starts at 400k to 12m
Are you exaggerating? :o
Yeah I used to live in nyc. I think the prices should be of the world and not of only the USA because the USA is not the world and the prices of homes in places like nyc Tokyo Hong Kong and Paris are extremely high
Vinesh Khemlani You must be proud to be doing so well in life. Or were you born into a good situation?
*info is whack
I think #Bernie has something to day about this.
Yes trolls, inflation was accounted for
Bernie. Sanders.
Bernie, you are our last hope!
Just another reason to vote for bernie sanders
Plutocracy - Workers produce or they're homeless, rich people acquire
Capitalism - Workers produce because they feel like it?, everyone acquires (probably not feasible)
Socialism - No one produces, everyone acquires (definitely not feasible)
Stalinism - Workers produce or they're shot, state acquires
Android Economy - Androids produce, humans acquire (not yet tested)
Androcracy - Humans produce, androids acquire (not yet tested)
(Posting this a second time because people need to get educated.)
This video brought to you by a 12 year old !
TYT sent me
Sickening....
My house was 56k and I sold for 40k. The only houses costing this much are super luxurious in most of the USA.
No one understands need versus want. My brand new Nissan Sentra was also way cheaper than the average new car cost in 1980 and I got it 4 years ago. Someone needs to check these numbers and redo the video.
Bernie sanders will change this !
cardonag1 Democracy in the USA has had 102 years to fix the problem (fractional reserve banking). Why do you think it will suddenly work now? (No beef against Bernie, BTW.)
Big government = corruption growing bigger more corruption higher taxes = less savings for middle class , small business owners
loll,, what are you thing? Bernie.......give me a damn break
Maybe if you pay attention and plan your financial situation, you wouldn't be complaining about your troubles. Get a grip on your financial goals, and way too many young people today don't save enough.
Some people don't have money to save :(
Jane Doe Everybody has money to save, you just think you don't have any more options when you have tons.
When people save money it hurts the economy. The problem isn't necessarily that there are rich people but it's that rich people don't and won't spend enough of their earnings to stimulate the economy. Also corporations hide their money overseas which hurts the government's ability to provide basic services and stimulate ingenuity. Give one person a billion dollars and see how many homes, cars, and how many movies they go out and see. Now take that same billion dollars and give it to a 1000 people and see how many homes, cars, and movie watching is in demand.
JYang33 "Saving money hurts the economy"
I. I just can't. The amount of stupidity in you is so fucking large, I barely know what to tell you.
And do you wanna know why the upper class doesn't wan't to pay so many taxes? Because they earned their money. And don't say "Well look at Trump, he inherited his money" because barely any billionaires pass down billions to their children, and even then Trump holds lots of businesses under his belt
On a macro level saving is bad because that lessens demand in the economy. If everyone saves everything no one would be spending any money... On a micro level of course you want to save money for hard times, but that hurts the economy. You're not taking that money and going down to your local restaurant or buying the latest gadget, thus stimulating your local economy and creating demand for jobs. I should have clarified what I meant, but I thought it was obvious I was talking about the macro economy.
Get six more jobs you lazy bum!~Babyboomer
Nah,i'm good with my one and a half job and super efficient minimalist lifestyle.
So no grandchildren and retirement home for you.
On the bright side,pet food is still nice and cheap,bon appetite.~Younger Generations
Inaccurate information!
Greed comes first that's what it meant, the corporates and supplier want to make more money but want to pay for less, result: high cost of everything and low or flat wage, not to mention T...A...X
Dumb video. A new car today is better than on in 1980. Housing is always changing, you can find a cheap house someplace else. College tuition is rising due to student loans and federal grants, even at that you still have cheap options such as community colleges and junior colleges. We have a problem in college of too many people going when they don't even have remedial courses.
Whoever did this video didn't do much research.
I think the point went over your head. Wages haven't kept up with the cost of living since the Reagan era, when the clearly failing trickle down economics were introduced. Because of this, we'll make similar money as our parents at our age but everything cost much more. Those paychecks aren't stretching anymore. Cars are better today? Well back in the day, those old cars were better than the cars that came before. It's not like we went from Model Ts to Camry's over night. And even if you buy and old car, you'll probably end up spending more on repairs the you paid initially. Housing has changed? People can find cheap homes? Sure in the middle of nowhere with no real opportunities to make something out of yourself. What if you need to live or be near the city for work? Good luck finding a decent apartment in your budget or making rent. When FDR introduced minimum wage, his intention was to enable all Americans to afford basic necessities plus a lil sum sum. Nowadays, you can barely afford the basics. That's what this video is highlighting.
Kira Cofield Wages have kept up though. Cars today are better and cheaper. Same with computer, cell phones and other forms of technology. The reason why housing is up is because the federal government, those on the left, felt like people deserve a home and thus made it so banks had to give out loans to people who simply can't afford them.
With college tuition the federal government is giving out loans and grants which increases enrollment without increasing the number of professors and staff thus tuition goes up. Not everything cost more but the things that do is because of the federal government and especially those on the political left. If you want I can get into more details about it but the political left and their policies is what causing the increase in prices in some areas when prices should be going down (and have in most areas of the market).
" Those paychecks aren't stretching anymore. "
Actually people have more disposable income today than in the past.
"Cars are better today? Well back in the day, those old cars were better than the cars that came before."
Cars today are safer, last longer, and get better mileage. They are better and cheaper.
I told you why housing went up, I can get into more detail with that if you want.
"When FDR introduced minimum wage, his intention was to enable all Americans to afford basic necessities plus a lil sum sum."
He did it for pure political reasons. There isn't one single good reason to even have a min. wage. It is a job killer and one of the reasons prices go up.
Captialism