The Rise of the $1400 Coffee

The average price to buy a new car was $1510 in 1950. The price of an average home in the U.S. was $7400.Bread could be purchased for 18 cents per loafand a gallon of milk for 83 cents. The averageannul income in the U.S. was $33001.

Fast forward to today……. The average price for a car is ~$36,000… An average home will cost ~$454,000

… A loaf of bread costs ~$2.40 and $3.50 for agallon of milk

The average annual household incomemost people have to buy these necessities is~$46,800. Inflation is a part of our modernlives and most do not notice the effects of anyincremental changes from year to year.