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leveymg

(36,418 posts)

9. $20,000 in 1980 is about $52,800 today, which is close to the U.S. median household income.

Reply to Comrade_McKenzie (Reply #8)

Tue Jul 17, 2012, 12:32 PM

Jul 2012

The inflation-adjusted value was calculated using the U.S. Bureau of Labor Statistics' consumer price index. $1 in June 1980 had the same buying power as about $2.64 in June 2010. That's just a national average for all goods and services. The cost of medical, education, energy, and housing have gone up far faster. Please, see, http://finance.yahoo.com/news/pf_article_111493.html

The median household income at the end of 2011 was $51,413. In 1980 dollars, that's about $20K

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Few will pay more under health care law [View all] sinkingfeeling Jul 2012 OP

Not true. There's no cost containment for families making 4Xpoverty - that's only about leveymg Jul 2012 #1

So why do you think there's a premium rebate worth $1.1 Billion going on? sinkingfeeling Jul 2012 #2

What's a $70.02 rebate when one's own family pays $14,400.00/yr for private health insurance? leveymg Jul 2012 #4

Fine. Hate ACA for all its worth. sinkingfeeling Jul 2012 #5

I don't hate it, I just know it's a bailout to insurance cos. at the expense of the middle-class. leveymg Jul 2012 #7

technically, mussolini called it fascism because he spoke italian. eom ellenfl Jul 2012 #6

... woo me with science Jul 2012 #3

I love the ACA... Comrade_McKenzie Jul 2012 #8

$20,000 in 1980 is about $52,800 today, which is close to the U.S. median household income. leveymg Jul 2012 #9