No Result
View All Result
  • Login
Saturday, July 25, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Personal Finance

1976 Called. It Can’t Believe What a House Costs Now

by theadvisertimes.com
3 weeks ago
in Personal Finance
Reading Time: 4 mins read
A A
0
1976 Called. It Can’t Believe What a House Costs Now
Share on FacebookShare on TwitterShare on LInkedIn


Happy birthday, America! Honestly, you don’t look a day over 200.

I can say that with authority because I was fully sentient in 1976, a high school sophomore with too much hair, working part-time at an ice cream parlor for the federally mandated minimum wage of $2.30 an hour.

The bicentennial world was pretty different. No internet, no personal computers. Cars were cooler, but less safe. Vinyl still ruled. So did network TV. Phones were attached to the wall.

(This is where you roll your eyes and say, “Yes, we know, Grandpa.”)

And besides, “bicentennial” is much easier to say and remember than “semiquincentennial.”

But in some ways, things were kinda the same. Inflation was running hot. A major conflict with Iran was on the horizon. Politics were weird — but weird in a different way.

And how about money?

That $2.30 an hour I made at Swensen’s Ice Cream Factory? Equivalent to about $13 today.

Median household income, on the other hand, is actually higher than it was 50 years ago, even after adjusting for inflation.

Food is cheaper now, at least as a percentage of take-home pay. We have all kinds of cool gadgets we didn’t have before, whether you really want them or not.
But prices in some major categories of financial life have risen much faster than the overall rate of inflation — categories like healthcare and housing. My parents bought our Anaheim tract home in 1975 for about $50,000. Its Zillow estimate today is over $1.3 million. Healthcare expenditures have just about doubled after adjusting for inflation.

A college education? Don’t even ask.

So happy semiquincentennial, everyone. Let’s be clear: I owe everything I have to a decision my father made to leave Holland and bring his young family here. I was born a few years later into a life that has been marked by opportunity.

All I want for Independence Day is for the generations after mine to have the same opportunities.

This is an excerpt from the July 3 edition of MoneyNerd, NerdWallet’s free weekly newsletter. Subscribe here.

Meet MoneyNerd, your weekly news decoder

So much news. So little time. NerdWallet’s new weekly newsletter makes sense of the headlines that affect your wallet.

SUBSCRIBE FOR FREE

CTA image

Add as a preferred source on Google


About the author

Rick VanderKnyff

Rick VanderKnyff leads the news team at NerdWallet. Previously, he has worked as a channel manager at MSN.com, as a web manager at University of California San Diego, and as a copy editor and staff writer at the Los Angeles Times. He holds a Bachelor of Arts in communications and a Master of Arts in anthropology.



Source link

Tags: calledCostsHouse
ShareTweetShare
Previous Post

Reading deeper into headline risk of alternative investments

Next Post

Lululemon Quilty Pleasures Shoulder Bag Mini 5L just $39 shipped (Reg. $98)!

Related Posts

This Week’s Best Household Essentials Deals at Amazon: Laundry Detergent, Toilet Paper, Dish Soap, and more!

This Week’s Best Household Essentials Deals at Amazon: Laundry Detergent, Toilet Paper, Dish Soap, and more!

by theadvisertimes.com
July 24, 2026
0

Published: by crystal on July 24, 2026  |  This post may contain affiliate links. Read my disclosure policy here. Don’t miss out...

Your Credit Utilization Should Stay Below 30%

Your Credit Utilization Should Stay Below 30%

by theadvisertimes.com
July 24, 2026
0

Advertiser Disclosure The credit card and banking offers that appear on this site are from credit card companies and banks...

Mortgage Rates Today, Friday, July 24: Highest Rates of 2026

Mortgage Rates Today, Friday, July 24: Highest Rates of 2026

by theadvisertimes.com
July 24, 2026
0

If you're here looking for lower mortgage interest rates, today is definitely not your day. Daily average rates jumped to...

Huge Savings on Beam Products {We Love This!}

Huge Savings on Beam Products {We Love This!}

by theadvisertimes.com
July 24, 2026
0

Have you been wanting to try to highly rated Beam products? We have a deal for you… Have you heard...

One Late Payment Can Stay on Your Credit Report for Seven Years

One Late Payment Can Stay on Your Credit Report for Seven Years

by theadvisertimes.com
July 23, 2026
0

Advertiser Disclosure The credit card and banking offers that appear on this site are from credit card companies and banks...

The Ritz-Carlton Dallas, Las Colinas, Review

The Ritz-Carlton Dallas, Las Colinas, Review

by theadvisertimes.com
July 23, 2026
0

The Ritz-Carlton Dallas, Las Colinas, offers the classic luxury you’d expect from one of Marriott’s highest-end brands, but it still...

Next Post
Lululemon Quilty Pleasures Shoulder Bag Mini 5L just  shipped (Reg. )!

Lululemon Quilty Pleasures Shoulder Bag Mini 5L just $39 shipped (Reg. $98)!

Tesla’s Latest Deliveries Report Exceeded Expectations. TSLA Stock Is Falling Anyway.

Tesla's Latest Deliveries Report Exceeded Expectations. TSLA Stock Is Falling Anyway.

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
Fourth of July 2026 Freebies and Deals

Fourth of July 2026 Freebies and Deals

July 3, 2026
5 things financial therapists want every advisor to know

5 things financial therapists want every advisor to know

June 26, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
Weekend Reading For Financial Planners (June 27–28)

Weekend Reading For Financial Planners (June 27–28)

June 26, 2026
Samsung Wallet is getting native stablecoins

Samsung Wallet is getting native stablecoins

0
9 Home Features That Can Make Your House Harder to Sell

9 Home Features That Can Make Your House Harder to Sell

0
monday.com to lay off 620, as it adapts to AI

monday.com to lay off 620, as it adapts to AI

0
Our Picks for the Most Budget-Friendly Cars of 2026 So Far

Our Picks for the Most Budget-Friendly Cars of 2026 So Far

0
Have a Large 401(k) Balance and Approaching 62? Make Sure You Convert Before This Medicare Rule Kicks In

Have a Large 401(k) Balance and Approaching 62? Make Sure You Convert Before This Medicare Rule Kicks In

0
IDFC First Bank Q1 Results: Profit shoots up 132% YoY to record Rs 1,075 crore; NII jumps 21%

IDFC First Bank Q1 Results: Profit shoots up 132% YoY to record Rs 1,075 crore; NII jumps 21%

0
Samsung Wallet is getting native stablecoins

Samsung Wallet is getting native stablecoins

July 25, 2026
Have a Large 401(k) Balance and Approaching 62? Make Sure You Convert Before This Medicare Rule Kicks In

Have a Large 401(k) Balance and Approaching 62? Make Sure You Convert Before This Medicare Rule Kicks In

July 25, 2026
9 Home Features That Can Make Your House Harder to Sell

9 Home Features That Can Make Your House Harder to Sell

July 25, 2026
DeepSeek said to tell backers of funding pause after viral posts

DeepSeek said to tell backers of funding pause after viral posts

July 25, 2026
Homicide May Be at Lowest Rates Since 1900

Homicide May Be at Lowest Rates Since 1900

July 25, 2026
Buc-ee’s Pay Chart Goes Viral. See How Much Employees Can Earn

Buc-ee’s Pay Chart Goes Viral. See How Much Employees Can Earn

July 25, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Samsung Wallet is getting native stablecoins
  • Have a Large 401(k) Balance and Approaching 62? Make Sure You Convert Before This Medicare Rule Kicks In
  • 9 Home Features That Can Make Your House Harder to Sell
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.