It's okay to cry...

[427TJ]

Here's a small excerpt from a 1967 Nickey parts ad. It was in the January 1967 Popular Hot Rodding. Read it and weep. Oh, and I'll take ten 427/425's please.

[95S-351]

I'm Crying! Those were the Good Old Days! Mark

[CamarosRus]

Yes they were the G.O.D's....but I'd be interested to hear how those 1967 dollars realate to 2004 dollars from an economist......I know personally when I got drafted in 1967 while training to become a machinist at BOEING, I was earning $3.05 per hour......Chuck S

[Salvatore]

$3.05 an hour was not bad in 67 or 68. My dad was making 5.50 an hour working for the power company in 1970. That was a good job in those days....still is.

[WILMASBOYL78]

I can remember making 2 bucks an hour pumping gas at the local Chevron station. My first real car cost $350.00.. a used 1964 Chevelle sport coupe, 283, p/g, p/s, p/b. Ah, the simple life....

wilma

[Xplantdad]

Minimum wage in 1976-77 was $1.90 per hour...working at Robinsons (now Robinsons May department stores) Yea those were the good old days alright....not!


Bruce

[Pantera]

Back in '67 I was a barber/hairstylist and a good week was $150 take home pay. Not too bad for a single 20 yr old that never finished high school. My house payment was $68 per month. I bought it in late '64 for $800 down, when I was still 17. Oh and I stll own it today.

[427TJ]

[ QUOTE ]
I'd be interested to hear how those 1967 dollars realate to 2004 dollars

[/ QUOTE ]

If I could buy a brand new, carb-to-pan crate Mark IV L72 from my Chevy dealer today for $7,970.00 I'd jump on it. Nickey sold them new in '67 for $797.00 so that's a 10-fold inflation rate.

My math: My Dad bought one of the last new '67 Austin Healey 3000's and paid $4500. A similar sports car today would have to be in the $40,000 range. My parents bought a new house in '68 for $33K (California) and similar houses where I live in Washington are at least $300K today. Maybe my math's a little "fuzzy" but we're just goofing off here right?

[ChrisS]

Using the Federal Reserve's Consumer Price Index calculator that $797.00 L-72 equals $4557.69 in 2004 dollars.
http://www.bls.gov/cpi/

[Racefan]

Using that calculator, $36-38,000 for a ZL-1 is still a bargain in 2004! Aaaahhhhhh, to have been born 2 decades sooner! Having been born in January 1969, I never had much of a chance. By the time I had a decent income, the cars were out of reach.