By Adam Jusko, ProudMoney.com, firstname.lastname@example.org
I was talking to my wife a while back about a friend I had in high school whose parents made $60,000 between them and how rich I thought they were despite having a fairly modest lifestyle. (I can not remember how I learned of their income.) I was sort of laughing at my younger self, thinking $60,000 had been a fine income but not that big of a deal.
My wife said, “Well, that probably would be a lot of money today, probably double now. They’d probably be making $120,000. That’s good money.”
“No!” I protested. “It wouldn’t be that much different today.”