this post was submitted on 26 Jan 2024
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[–] hark@lemmy.world 70 points 10 months ago (1 children)

To be fair, this was in a recession during the great depression. The unemployment rate was 19% in June 1938.

[–] soullioness@lemmy.ca 5 points 10 months ago (2 children)

To add to this, a new car in 1938 was $860 according to this, but essential information was left out. What that actually converted to in today's money $18,709.33 which is a lot less than what I'm paying today but only by about half. I don't disagree with wanting to get back to this point or better. But the picture seems to assume the reader already knows this?

[–] JayDee@lemmy.ml 3 points 10 months ago

More important, some quick googling says that the average per-capita income for 1938 was $515 (new york per-capita was $822, Mississippi was $205), which another search says was just under $11k. That car would cost an atomic family close to 2 years' wages.

[–] cole@lemdro.id 1 points 10 months ago

my Corolla was less than $18k so I don't even think that's unreasonable