Tuesday, July 8, 2014

Value of money depreciating over the years

In 1970, I started with a salary of $1295 a month, plus I had a living allowance of $300. But with that you could live quite well... not with luxury. I had a nice one bedroom apartment on 52nd Street East Side and we could go skiing on the weekends and on summers we went to the Hamptons for fun. 

Im just saying the value of money has depreciated dramatically over time.