GDP shrinks at fastest rate for 60 years

inspector_monkfish

carolt wrote: »

Is that relevant?

of course.
i wanna see hard facts.

Really2

I found this relating to america so I should imagine we were not much different.

Money And Inflation 1930'S

To provide an estimate of inflation we have given a guide to the value of $100 US Dollars for the first year in the decade to the equivalent in todays money

If you have $100 Converted from 1930 to 2005 it would be equivalent to $1204.42 today

In 1930 average new house cost $7,145.00 and by 1939 was $3,800.00 More House Prices &

In 1930 the average income per year was $1,970.00 and by 1939 was $1,730.00

In 1930 a gallon of gas was 10 cents and by 1939 was 10 cents

In 1930 the average cost of new car was $640.00 and by 1939 was $700.00 More Cars and Car Prices

carolt

Really2 wrote: »

My wife as a nan in her 80's and she is better of now than back then. The quality of life and disposable income is a lot higher than back then.

Have you got any figures for average rent and average wage for the 30's?

I agree with you re the first part - but, as I pointed out, that was because other things, like food and clothing was far more expensive.

Recently read The Diary of a Provincial Lady and its sequels, written by a relatively well-off woman in the 1930's as genuine diaries (highly recommend it/them, BTW - was v upset when I finished reading the last one....). Even she, despite her relative wealth, regarded buying a new piece of clothing as a major expense.

To put it in context, her clothes often cost the same then in £ as they do now, incredibly - when you think how much inflation of everything else has been since the 1930's.

Re your second point, I'd just gone off to investigate it - hence my previous post.

Will post links as/when I find them.

Really2

Really2 wrote: »

I found this relating to america so I should imagine we were not much different.

Money And Inflation 1930'S

To provide an estimate of inflation we have given a guide to the value of $100 US Dollars for the first year in the decade to the equivalent in todays money

If you have $100 Converted from 1930 to 2005 it would be equivalent to $1204.42 today

In 1930 average new house cost $7,145.00 and by 1939 was $3,800.00 More House Prices &

In 1930 the average income per year was $1,970.00 and by 1939 was $1,730.00

In 1930 a gallon of gas was 10 cents and by 1939 was 10 cents

In 1930 the average cost of new car was $640.00 and by 1939 was $700.00 More Cars and Car Prices

So at the start of the 30's houses were nearer to 4X average salary add to that morgage IR surely rent/mortgage was a high proportion of wage?

Really2

carolt wrote: »

Will post links as/when I find them.

Some intresting wage ones here. not sure I like the 50+ hour weeks
http://privatewww.essex.ac.uk/~alan/family/N-Money.html#1914

Harry_Powell

carolt wrote: »

Just checked - rent control was introduced during the first world war.

See:

http://www.rdg.ac.uk/nmsruntime/saveasdialog.asp?lID=10400&sID=34517

Sorry carolt, I've skimmed through that report and can't find any reference to the percentage of rents to income.

It's a rather lengthy report, so I may have missed it. Would you mind pasting in a paragraph in here?

Really2

We must add that the average life expectancy of a male was 52.(sorry women it was 59 for you not that you were allowed to do much:))

Perhaps property was cheaper but also perhaps you had to pay for it in a shorter period.

its hard to belive in 70 years we have added 25 years to our average life or in basic terms we live 50% longer.

Kind of brings in to sight our population problems and why property was perhaps cheaper.

carolt

Haven't found one going back as far as the 1930's yet.

But see:

http://www.telegraph.co.uk/news/uknews/1576933/Britons-spend-one-fifth-of-income-on-homes.html

for an interesting comparison with the 1950's - we currently spend over double as much on housing as they did in the 1950's (18.9% v 8.9%). We also, however, spend less than half as much on food and clothing, as I stated before (15% to 33.4%, and 5.1% to 10.2% respectively).

I suspect the figures for the 1930's will be much the same as the 1950's - probably more so.

If anyone can produce figures to disprove this, I'd be interested to see them.

carolt

Really2 wrote: »

We must add that the average life expectancy of a male was 52.(sorry women it was 59 for you not that you were allowed to do much:))

Perhaps property was cheaper but also perhaps you had to pay for it in a shorter period.

its hard to belive in 70 years we have added 25 years to our average life or in basic terms we live 50% longer.

Kind of brings in to sight our population problems and why property was perhaps cheaper.

No, that had more to do with (a) infant mortality and (b) war - both of which rather skew the average figures.

carolt

Harry_Powell wrote: »

Sorry carolt, I've skimmed through that report and can't find any reference to the percentage of rents to income.

It's a rather lengthy report, so I may have missed it. Would you mind pasting in a paragraph in here?

It's not there - I have read the whole doc.

I gave the link to point out the rent control part - it's on page 2, if you'd like to check. :rolleyes: