What Products Cost More & What Cost Less

We all know that prices typically go up over time: that's called inflation.

But does everything get more expensive over time? Nope!

HOW HAVE PRICES CHANGED OVER TIME?

Click each card to see how!

1973

PIZZA & A MOVIE for two1

$10.39
$4189

$10.39 = $57.76 with inflation

PIZZA & A MOVIE for two1

27.5 %

cheaper in 2017

1971

4 tickets to disney world2

$14
$460

$14.00 = $85.32 with inflation

4 tickets to disney world2

439.1 %

more
expensive
in 2017

1984

A personal computer3

Apple Macintosh

$2,495
$1,299

$2,495 = $5,926.98 with inflation

A PERSONAL COMPUTER3

APPLE IMAC

78.1 %

cheaper in 2017

1984

A CELLPHONE4

Motorola DynaTAC 8000X

$3,995
$399.99

$3,995 = $9,490.30 with inflation

A CELLPHONE4

Motorola DynaTAC 8000X

95.8 %

cheaper in 2017

1886

A Luxury Car5

Benz Patent Motor Car

$142.75
$40,250

$142.75= $3,557.36 with inflation

A Luxury Car5

2018 MERCEDES-BENZ C 300 SEDAN

1,031.5 %

more
expensive
in 2017

1870

Harvard Tuition6

$150
$43,280

$150= $2,699.69 with inflation

Harvard Tuition6

1,503.1 %

more
expensive
in 2017

1913

A Basket
of groceries7

$3.19
$53.17

$3.19 = $79.53 with inflation

A BASKET OF GROCERIES7

33.2 %

cheaper in 2017

2004

a private nursing home room8

$65,335
per year
$97,455
per year

$65,335 = $85,367.49 with inflation

a private nursing home room8

14.2 %

more
expensive
in 2017
Help your friends GET smarter

Household budgets have also changed over time

1950 vs 20169

As any senior citizen will tell you, prices for everyday goods have changed a lot over time. In the 1950s, food and housing ate up nearly 60% of a household's budget. Now, housing and miscellaneous expenses, that include things like insurance and retirement contributions, account for 60.5% of the average American family's budget.

Food

32.5% (1950)
12.6% (2016)

Housing

26.0% (1950)
33.0% (2016)

Clothing

11.6% (1950)
3.1% (2016)

Transportation

13.8% (1950)
15.8% (2016)

Healthcare

5.1% (1950)
8.0% (2016)

All Other Expenditures

11.0% (1950)
6.9% (2016)

Entertainment

3.6% (2016)

Cash Contributions

11.9% (2016)

Personal Insurance & Pensions

6.9% (2016)
27.5%

Between entertainment, savings, spending on insurance and retirement, and other expenses, Americans today are spending over one quarter of their budgets on additional goods and services.

"WE DON'T KNOW HOW MUCH THINGS WILL COST IN THE FUTURE AND IT'S WISE TO BUILD SOME WIGGLE ROOM INTO YOUR ESTIMATES."

Sonny Blanchard, CPA/PFS
Blanchard Wealth Partners
(346) 239-1401

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