In 1983 at 16 I was on £25:00 a week.
The online convertor thing tells me that £25:00 then is equivalent to £109:50 now. The current minimum wage for a 16 year old is £7:55 (going up to £8:00 1st of April), multiply that by an 8 hour day and a five day week gives you £302:00. So a 16 year old now is three times better off.
Four shillings and eleven pence, equivalent to (just under) 25pBut how much were we all earning when petrol was 4/11 (whatever that is) a gallon (whatever they are)?
4.5 litres.But how much were we all earning when petrol was 4/11 (whatever that is) a gallon (whatever they are)?
Less than 25p a gallon for petrol when I was sixteen in 1962.
At 17 about £2.50. ( that is per week, not per hour ) and a 44hour week.
Personally I think the drain on finances is all the 'other' stuff. Thinking back, insurance was cheaper relatively, no mobile phone contract, computer, broadband, TV subscriptions, smartphone, housing costs were lower and public transport was much cheaper. There is a massive (no doubt deliberate) increase in the number of 'must have' things that call on your money now which simply didn't exist back then.So a gallon of petrol was 1/10th of your weekly wage?
As @Cato has pointed out the minimum wage for a 17 year old is now £302 a week and with petrol at about £6.75 a gallon thats 1/44th of their weekly wage (I think?).
Maybe we're not doing quite so bad as we think we are?
In 1983 at 16 I was on £25:00 a week.
The online convertor thing tells me that £25:00 then is equivalent to £109:50 now. The current minimum wage for a 16 year old is £7:55 (going up to £8:00 1st of April), multiply that by an 8 hour day and a five day week gives you £302:00. So a 16 year old now is three times better off.
I can't remember but if £4:38 now is the equivalent of £1:00 then your £6:00 would have been £1:20 which doesn't sound too far away.I'd disagree! I just bought and ate a bacon and sausage roll from local bakery, and it came up on the till at £7.80!!!
She did correct it, should have been £6 but luckily it was quite enjoyable.
How much would a sausage and bacon roll from a bakery or similar shop have been back then?

At risk of getting even further off topic, the changed tastes and standards is a big one for me.All that said, my point stands in that "everything costs more" isn't true. Some do, some don't, but overall living costs are higher now than ever which is due to supply & demand, changed tastes/standards, a larger number of things to spend money on etc.

I remember how outraged my Dad was at the thought of diesel hitting £1:00 a gallon. Now it's closing fast on £10:00 a gallon.We have a trip coming up, I'm dreading filling up, the Sorento has a 21 gallon tank![]()

I remember how outraged my Dad was at the thought of diesel hitting £1:00 a gallon. Now it's closing fast on £10:00 a gallon.![]()






