Saturday, July 17, 2010

Twenty Year Average Family cost of living rise!

The 20 year cost of living rise for an average 4 member family.

Based on a 4 family household from 1990 to 2010

1990 cost is $20,472.24
2010 cost is $49,884.00
Difference is $29,411.76

Even if you got a $1500 a year raise for the last 20
years you are unable to keep up with the cost of LIVING! It has more than doubled!

This document only reflects “only” the financial consistencies, and the rise of that in our life over the last 20 years with absolutely no extravagancies.

Please keep in mind the price of living of cost in this document does not reflect the rise on the cost of clothing, school supplies, medicine, vet bills, vacations, repairs for home and auto, other computer related cost programs and repair, household replacements furniture and appliances, Dentist, movie tickets and concession other basic entertainment, eating out.

The sad fact is we now have become more frugal, shop for better deals and have become much wiser about finances in the last 20 years, and this is how we are rewarded.

I wrote this up so the average working Joe knows, that his troubled finances, is not his fault. Our economy in the United States is broken! That He, She or He and She are not at fault. The reason you cannot pay your bills is because corporate greed that raises the cost of living at an alarming rate! That you have kept up your part of the bargain in your life, and you can hang your head up high! No sane business person, or corporation would give you $1500 year raise for 20 years, to keep up with the cost of living. This is totally insane!

I bought my first truck new in 1988 for $16,000 with $4000 down my payment was $275 per month = $3300 yearly

The exact same truck in 2010 is now, $42,000 with $4000 down my payment is $750 per month = $9000 yearly
.
Difference is $475 more per month.

Source Ford Motor Credit

Auto insurance in 1990 $135 per month = $1620 yearly cost

Auto insurance in 2010 $445 per month = $5340 yearly cost

Difference is $310.00 per month

Source my household

Gallon of regular gas in 1990 was $1.34 per gallon 150 gallons a month $201.00

Average 1990 yearly cost is $2412

Gallon of regular gas in 2010 is $2.80 per gallon 150 gallons per month $420.00

Difference is $134 per gallon difference per month is $219.00

2010 yearly cost is in 2010 is $5040.00

Source WikiAnswers - Average cost of a gallon

Family health insurance in 1990 for us $275.00 per month. = yearly cost $3300

Family health insurance in 2010 for us same coverage $450.00 = yearly cost $5400

Difference is $175.00 per month

Source my family household

Florida electric bill 1990 $175 per month = yearly cost is $2100

Florida electric bill in 2010 $425 per month = yearly cost is $5100

Difference is $250 per month

Source is Florida power.

House insurance in1990 $62.50 per month = yearly cost is $750

House insurance in 2010 $100 per month = yearly cost is $1200

Difference is $37.50 per month

Source is my family household

Cable TV cost in 1990 $24.00 = yearly cost is $288

Cable TV cost in 2010 $79.00 = yearly cost is $948

Difference is $55.00 per month

Source my family household

Gallon of milk price 1990
The average price of milk in 1990 was $1.42. This database is from the government and gives prices of a bunch of common items. www.bls.gov/data 6 gallon per month = $8.52 = yearly cost is $102.24

Gallon of milk price 2010
The average price of milk in 2010 was $3,50 source local discount grocer 8 gallons per month kids growing up $28 per month = yearly cost is $336

Difference is $2.08 per gallon more.

Source WikiAnswers - Average cost of a gallon of milk

Computers cost in 1990 none cost 0

Computer cost in 2010 $120.00 per month this includes purchase and WI FI

Difference is $120.00 per month = yearly cost $1440

Source my Family household

Cell phone cost 1990 none cost 0

Cell phone cost in 2010 family business plan $240 per month

Difference cost is $240 per month = yearly cost $2880 per month

Source Nextel

Home office phone 1990 $200 per month = yearly cost $2400

Home office phone 2010 $200 per month = yearly cost $2400

Difference is $0

Source is Sprint

Average monthly grocery bill in 1990 not including milk was $350.00= yearly cost is $4200

Average monthly grocery bill in 2010 not including milk $900.00 = yearly cost is $10.800

Difference is $550 per month

Source is my family household

Please keep in mind the price of living of cost in this document does not reflect the rise on the cost of clothing, school supplies, medicine, vet bills, vacations, repairs for home and auto, other computer related cost programs and repair, household replacements furniture and appliances, Dentist, movie tickets and concession other basic entertainment, eating out.

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