If you ever get the ‘I’m not getting ahead’ feeling, the following graphs from the National Inflation Association will help explain why you feel this way.
The median American family was earning over $100,000 per year in today’s dollars during the 1970s.
The average American has been earning less per hour (adjusted for real inflation) and seeing a decline in their standard of living since the early 1970s after we left the gold standard.The Dow Jones divided by the price of gold. After the inflationary crisis of the 1970s, the Dow/Gold ratio bottomed at 1
There has been a whole lot of inflation happening over the past few decades, and as the above graphs illustrate, the average American has been losing ground in real purchasing power.
So, if you here the “hey, the DOW is over 1300 so the economy is back and Obama is great” spin, remember the above graphs. And these graphs as well.