bigpete wrote:bladeracer wrote:Must be talking internationally, within Australia the price of goods increases with the price of the dollar. If I had a pay cheque for a week's work in 1966, and I cashed it today I'd probably get about $25 for it, but in 1966 it would've paid the mortgage, the groceries, and everything else I needed, without needing a credit card, and still put some aside for the future. Nowadays your pay cheque covers the basics but you need a credit card to live on, and never have any savings. I don't think we're any further ahead really.
You need a credit card to live on ? That's rubbish lol
I don't have any credit cards at all, but I know so many people that do. I buy stuff with money I actually have at the time, I don't put myself into debt to possess something I can't afford, like a vehicle.
I remembered last night that I still have my very first pay cheque, I never banked it. While I was studying I did a three-week stint as an estimator in a builder's office. That was all it took to know I never wanted to work indoors again
It was, and still is, a great company. They paid me $150/week in '86, when I was paying around 40c for a litre of fuel. A new '85 GSXR750F was $5000, and more than I had, so I went with a secondhand '82 CB1100F for $3500. I finally got myself a GSXR750F in 2002, driving from Perth to Melbourne and back to bring it home, and I still have it.
If I had cashed that pay cheque in '86 I could've bought about 375 litres of fuel. Last week that 375 litres of fuel would've cost me $690, which is probably similar to a weekly wage now?