What was the average salary in 1960 1969?
What was the average salary in 1960 1969?
Indexing yearly income
Year | Wage Index |
---|---|
1960 | $4,007.12 |
1963 | $4,396.64 |
1966 | $4,938.36 |
1969 | $5,893.76 |
What was minimum wage in 1960?
$1.00
Value of the minimum wage, 1960–2011
Minimum wage | ||
---|---|---|
Current dollars | 2011 dollars | |
1960 | $1.00 | $6.65 |
1967 | 1.40 | 8.25 |
1973 | 1.60 | 7.24 |
What was the average wage in 1969?
The median income of all families in 1969 was about $9,400. This was about $800, or 9.3 percent, higher than the 1968 median income of about $8,600. However, the gain in real purchasing power between 1968 and 1969 amounted to 3.7 percent since consumer prices rose 5.4 percent over the same period.
How much was a million dollars worth in 1960?
About the author
Cumulative price change | 876.72% |
---|---|
Average inflation rate | 3.74% |
Converted amount ($1,000,000 base) | $9,767,195.95 |
Price difference ($1,000,000 base) | $8,767,195.95 |
CPI in 1960 | 29.600 |
What was the weekly wage in 1960?
1960 – average female manual wage – £7 per week (£364 pa) 1968 – average female manual wage – £11 per week (£572 pa)
How much did lawyers make in the 1960s?
In the early 1960s the majority of attorneys practiced on their own in one-man offices. The average yearly income for such practitioners was about $8,000.
What was the average hourly pay in 1960?
The minimum wage in 1960 was $1.00 per hour, or $2,080 per year for a forty-hour per week job.
How much was the average salary in 1970?
The median money income of all families in 1970 was about $9,870. This was about $440 or 4.6 percent higher than the 1969 median of $9,430. However, prices rose approximately 5.9 percent in 1970 and in terms of constant dollars, median family income in 1970 was about the same as in 1969.
What was middle class income in 1969?
$9,430
The median money income of families in the United States was $9,430 in 1969, according to estimates recently released by the Bureau of the Census, Department of Commerce.
How much is $1 in 1960 worth today?
Value of $1 from 1960 to 2022 $1 in 1960 is equivalent in purchasing power to about $9.77 today, an increase of $8.77 over 62 years. The dollar had an average inflation rate of 3.74% per year between 1960 and today, producing a cumulative price increase of 876.72%.