ED.
I found a bit different data, supporting more Daves interpretation. The Census bureau defines a median income in 1947 at a round $3000 and translates this to todays Dollars with $23000 ! According to this data, an Ercoupe or any light plane was much more accessible to the folks some sixty years ago. http://www.census.gov/hhes/www/income/histinc/f07ar.html Hartmut For those that can not see the page, here the table ttached: Historical Income Tables - Families Table F-7 Type of Family, All Races by Median and Mean Income: 1947 to 2006 (Families as of March of the following year. Income in current and 2006 CPI-U-RS adjusted dollars 28/) ___________________________________________________________________ Median income Mean income Type of ____________________ ____________________ family Number Current 2006 Current 2006 and year (thous.) dollars dollars dollars dollars ___________________________________________________________________ ALL FAMILIES 2006 78,454 $58,407 $58,407 $77,315 $77,315 2005 77,418 56,194 58,036 73,304 75,707 2004 35/ 76,866 54,061 57,705 70,389 75,134 2003 76,232 52,680 57,751 68,563 75,163 2002 75,616 51,680 57,920 66,970 75,056 2001 74,340 51,407 58,545 66,863 76,147 2000 30/ 73,778 50,732 59,398 65,773 77,008 1999 29/ 73,206 48,831 59,088 62,567 75,709 1998 71,551 46,737 57,734 59,589 73,610 1997 70,884 44,568 55,823 56,902 71,272 1996 70,241 42,300 54,127 53,676 68,684 1995 25/ 69,597 40,611 53,349 51,353 67,461 1994 24/ 69,313 38,782 52,173 49,340 66,377 1993 23/ 68,506 36,959 50,782 47,221 64,882 1992 22/ 68,216 36,573 51,494 44,221 62,263 1991 67,173 35,939 51,885 43,237 62,421 1990 66,322 35,353 52,869 42,652 63,784 1989 66,090 34,213 53,714 41,506 65,164 1988 65,837 32,191 52,720 38,608 63,229 1987 21/ 65,204 30,970 52,582 36,884 62,622 1986 64,491 29,458 51,704 34,924 61,298 1985 20/ 63,558 27,735 49,561 32,944 58,870 1984 19/ 62,706 26,433 48,857 31,052 57,394 1983 61,997 24,580 47,291 28,638 55,099 1982 61,393 23,433 47,009 27,391 54,949 1981 61,019 22,388 47,623 25,838 54,961 1980 60,309 21,023 48,976 23,974 55,851 1979 18/ 59,550 19,587 50,697 22,316 57,760 1978 57,804 17,640 50,031 20,091 56,982 1977 57,215 16,009 47,403 18,264 54,080 1976 17/ 56,710 14,958 47,118 16,870 53,141 1975 16/ 56,245 13,719 45,694 15,546 51,779 1974 16/ 55,698 12,902 46,532 14,711 53,056 1973 55,053 12,051 47,768 13,622 53,996 1972 14/ 54,373 11,116 46,820 12,625 53,176 1971 13/ 53,296 10,285 44,654 11,583 50,289 1970 52,227 9,867 44,741 11,106 50,360 1969 51,586 9,433 44,833 10,577 50,270 1968 50,823 8,632 42,813 9,670 47,961 1967 12/ 50,111 7,933 40,923 8,801 45,400 1966 11/ 49,214 7,532 40,040 8,395 44,628 1965 10/ 48,509 6,957 38,007 7,704 42,088 1964 47,956 6,569 36,493 7,336 40,754 1963 47,540 6,249 35,177 6,998 39,394 1962 9/ 47,059 5,956 33,980 6,670 38,054 1961 8/ 46,418 5,735 33,038 6,471 37,277 1960 45,539 5,620 32,693 6,227 36,224 1959 45,111 5,417 32,079 5,976 35,390 1958 44,232 5,087 30,307 5,565 33,155 1957 43,696 4,966 30,444 5,443 33,368 1956 43,497 4,780 30,243 5,341 33,792 1955 42,889 4,418 28,377 4,962 31,871 1954 41,951 4,167 26,649 4,684 29,955 1953 41,202 4,242 27,365 4,706 30,358 1952 7/ 40,832 3,890 25,259 4,457 28,941 1951 40,578 3,709 24,569 4,194 27,782 1950 39,929 3,319 23,738 3,815 27,286 1949 6/ 39,303 3,107 22,493 3,569 25,838 1948 38,624 3,187 22,794 3,671 26,256 1947 5/ 37,237 3,031 23,433 3,546 27,414 To: [email protected] From: [email protected] Date: Sun, 3 Jan 2010 00:44:14 -0600 Subject: RE: [ercoupe-tech] Cessna Skycatcher vs. Ercoupe Dave, BigBrownPilot, wrote: > By the way, want to know what that $3500 for a new Ercoupe > would buy in 2008 dollars? How about $38,500, less than a > third the price of a new C-162. Makes my "good as new" > restoration look like a pretty good deal, IMO. I figure it differently, Dave. In 1947, the median family income was about $1,700. Now, the median family income is about $50,000 with the median for men working full time at $44,000 and $34,000 for women working full time. So, ~50,000/~1,700 = 29 Thus, ~29 * $3,500 = ~$103,000 for an Ercoupe in today's money. Now, compare that to ~$125,000 for a Skycatcher. I don't think the true inflation is as low as some of the inflation tables show. JMPO Ed _________________________________________________________________ Windows Live Hotmail: Your friends can get your Facebook updates, right from Hotmail®. http://www.microsoft.com/middleeast/windows/windowslive/see-it-in-action/social-network-basics.aspx?ocid=PID23461::T:WLMTAGL:ON:WL:en-xm:SI_SB_4:092009
