No Result
View All Result
  • Login
Saturday, August 15, 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
1 month 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

Hanes Kids’ Sock 20-Packs and Underwear 12-Packs only .50 each, plus more!

Hanes Kids’ Sock 20-Packs and Underwear 12-Packs only $7.50 each, plus more!

by theadvisertimes.com
August 7, 2026
0

Published: by Sarah on August 7, 2026  |  This post may contain affiliate links. Read my disclosure policy here. Score great prices...

Dunkin Donuts: ANOTHER Chance at a FREE Refresher on August 10th!

Dunkin Donuts: ANOTHER Chance at a FREE Refresher on August 10th!

by theadvisertimes.com
August 7, 2026
0

Home » Deals » Dunkin Donuts: ANOTHER Chance at a FREE Refresher on August 10th! Published: by Grace on August...

Mortgage Rates Today, Friday, August 7: Higher for Now

Mortgage Rates Today, Friday, August 7: Higher for Now

by theadvisertimes.com
August 7, 2026
0

Mortgage rates are a little higher this morning, but are likely to soften on the heels of a lackluster jobs...

What You Can Learn From the Nerds’ Home Improvement Projects

What You Can Learn From the Nerds’ Home Improvement Projects

by theadvisertimes.com
August 6, 2026
0

Do you have a home improvement project on your to-do list? You might have a deck to build or a...

*HOT* Native Liquid Hand Soap, 13-Ounce only .32 each, shipped!

*HOT* Native Liquid Hand Soap, 13-Ounce only $2.32 each, shipped!

by theadvisertimes.com
August 6, 2026
0

Home » Deals » *HOT* Native Liquid Hand Soap, 13-Ounce only $2.32 each, shipped! Published: by Sarah on August 6,...

Mortgage Rates Flatten, but They’re Already Higher Than July’s Average

Mortgage Rates Flatten, but They’re Already Higher Than July’s Average

by theadvisertimes.com
August 6, 2026
0

In the first week of August, the average 30-year mortgage rate stayed mostly flat at 6.63% APR. This is three...

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

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

June 21, 2026
Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

Biggerpockets Pro Members Can Now Turn Home Equity Into a Flexible Line of Credit With Aven

August 3, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

The 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch

July 27, 2026
Managed accounts ramping up tax alpha services: Cerulli

Managed accounts ramping up tax alpha services: Cerulli

July 20, 2026
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

0
Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

Wealth management has got junior advisors’ first 90 days covered. What happens on day 91?

0
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

0
The Unwinnable Iran War | Armstrong Economics

The Unwinnable Iran War | Armstrong Economics

0
Bezeq declares NIS 515m dividend

Bezeq declares NIS 515m dividend

0
AI Will Clarify What Asset Managers Are Paid For

AI Will Clarify What Asset Managers Are Paid For

0
XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push

August 8, 2026
Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak

August 8, 2026
Bitcoin outlook: ,000 or ,000 this weekend

Bitcoin outlook: $70,000 or $60,000 this weekend

August 8, 2026
Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

Mortgage and refinance interest rates today, Saturday, August 8, 2026: Rates mixed this weekend

August 8, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

F&O Talk: Smallcaps look strong on charts, says Sudeep Shah; outlines Trent, Swiggy, Kalyan Jewellers strategy

August 8, 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

  • XRP Price Forecast as Binance Whale Activity Remains Elevated Amid XRPL Tokenization Push
  • Is Lettuce Safe to Eat Now? What to Know Amid Cyclospora Outbreak
  • Bitcoin outlook: $70,000 or $60,000 this weekend
  • 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.