Yes, things have changed. As parents and grandparents, we take great joy in telling our children about the hardships we have endured. For example, what used to cost change, now cost dollars. In the 1920's you could get your morning jolt of coffee for 12 cents a pound. Today, Starbucks sells a pound of coffee for anywhere from $8 to $15. That's quite a jolt. White Castle opened its first store in 1921 with their Original Slider selling for 5 cents. Today, Chili's has an order of four sliders for $10, which is $2.50 each. Talk about a cheap date, you could go to the movie for 15 cents. Now the going rate ranges from $8 to $13. You could go get your coffee, stop for a slider, and go to the movies on gasoline costing 11 cents a gallon.
College tuitions have been on the rise. Harvard University was $200 per year in 1921, compared to $56,407 for the incoming Freshman in 2013. Buying a suit to interview, $19 then and anywhere from $250 to over $1,000 now. Thank goodness they are not worn as much nowadays. Speaking of interviewing, the annual salary you would expect to earn was $2,100. That's per year. Graduates with a bachelor's degree in 2013 will make on the average of $45,000 their first year.
To rent or to own? Well, the average cost of rent was $15 per month. Average rent in the U.S. today is $1,231 per month. Owning a house was a bit more pricey at around $8,000. This is equal to owning a $97,000 home today.
Lastly, what did it cost you to sit behind the wheels of a brand new vehicle? That would be $420 please, and that's not per month. That is the total price. Compare that to the typical new car now costing $30,550.
Our children will be telling their children how they only had computer games to play. The television had to stay in one spot because it had to be plugged into an outlet. They had little phones they had to carry around that were only used to listen to music, talk, text, and take pictures. Oh my, yes things have changed.