Author Topic: Financial comparisons 1963-2008 (Read 2393 times)

kenkew · « **on:** October 27, 2008, 19:45:49 »

Looking to compare financial differences for the year 1963 and today. Anyone got a link to such a site?
(Petrol was about 2/6d a gallon in 1963)

Pesky Wabbit · « **Reply #1 on:** October 27, 2008, 20:20:34 »

Are there specific items you want to find ? as I think you are unlikely to general list. Perhaps looking in some old newspapers in the library.

The best I can think of is the Revenues Indexation chart for Capital Gains (http://www.hmrc.gov.uk/RATES/cgt.htm). but this only goes back to 1982. It allows you discount today's valuation to take inflation in to account on long held assets.

Paulines7 · « **Reply #2 on:** October 27, 2008, 21:11:26 »

Quote from: kenkew on October 27, 2008, 19:45:49

Looking to compare financial differences for the year 1963 and today. Anyone got a link to such a site?
(Petrol was about 2/6d a gallon in 1963)

Yes, and my wages were £5 a week!!

kenkew · « **Reply #3 on:** October 28, 2008, 07:34:58 »

I beat you Pauline. By 1963 I was on the dizzy sum of 6 guineas!

lillian · « **Reply #4 on:** October 28, 2008, 08:13:30 »

In the 1960's my dad had a low wage job on building sites and
my mum stay at home until I was 8, then she did part time factory work.

They were able to get a mortgage on a 3 bed terrace house in London which they managed pay off in 20 years.
Every year we had a camping or caravaning holiday.
By 1967 they paid CASH for a new Ford Escort.

There only debt was the house. They also had small savings for a rainy days.

No child benefit as a only child. No tax credits(apart from married persons allowance) or rate rebates.
Everybody could access dental treatment.

Family baths were once a week
No central heating and I don't remember anyboby complaining of being cold.

Now teachers have trouble getting a mortgage!

hopalong · « **Reply #5 on:** October 28, 2008, 08:21:04 »

Try this link:
http://www.measuringworth.com/ukcompare/

kenkew · « **Reply #6 on:** October 28, 2008, 10:10:35 »

That's a good link, Hopalong. Thanks.

My £6 6s a week in 1963 looks like this now.

In 2007, £6 6s 0d from 1963 was worth:

£95.02 using the retail price index
£97.81 using the GDP deflator
£211.11 using the average earnings
£252.08 using the per capita GDP
£286.63 using the share of GDP

Paulines7 · « **Reply #7 on:** October 28, 2008, 14:01:50 »

Quote from: kenkew on October 28, 2008, 07:34:58

I beat you Pauline. By 1963 I was on the dizzy sum of 6 guineas!

Of course you would have received more than me in those days because you are a man!!

kenkew · « **Reply #8 on:** October 28, 2008, 15:03:53 »

That discrimination still crops up today.

lorna · « **Reply #9 on:** October 28, 2008, 15:24:40 »

Blimey Didn't know how well off I was. When I packed up my job in London in July 1960 (waiting for my first born) I was earning £13.10s.0d. My salary was more than Charlie's basic of £12per week.
In 1972 when we bought a filling station/garage in the Fens our 4* petrol was 32p per gallon.

theothermarg · « **Reply #10 on:** October 28, 2008, 15:32:22 »

can,t remember my earnings in 63 but I started work at 15 in a factory in 62 and I received £3 1s 9p for a 40 hour week! I gave 30bob to my mum for my keep and the rest was all mine to spend. used to save up for a few weeks and then go to the bargain basement at C and A
marg

OllieC · « **Reply #11 on:** October 28, 2008, 15:37:10 »

Quote from: Paulines7 on October 28, 2008, 14:01:50

Quote from: kenkew on October 28, 2008, 07:34:58
I beat you Pauline. By 1963 I was on the dizzy sum of 6 guineas!

Of course you would have received more than me in those days because you are a man!!

Didn't men do a better job though? (he said, ducking behind the couch!)...

lorna · « **Reply #12 on:** October 28, 2008, 15:39:09 »

Oh boy Ollie.. I hope that sofa is bullet proof :o

tim · « **Reply #13 on:** October 28, 2008, 18:25:41 »

Ken - thank you for raising this question - oft asked.

And thank you Hopalong for that link.

I was overpaid as a Fighter Pilot at 10/- a day.

saddad · « **Reply #14 on:** October 28, 2008, 18:42:53 »

I was about 18 months.... ::) I remember my Dad brought home £10 in 1970 for a eight hour shift 5 days a week and Saturday mornings.
???

OllieC · « **Reply #15 on:** October 28, 2008, 19:02:57 »

I was -12 at the time!

Intersting how the different indices give such huge variation...

littlebabybird · « **Reply #16 on:** October 28, 2008, 19:39:19 »

Quote from: OllieC on October 28, 2008, 15:37:10

Quote from: Paulines7 on October 28, 2008, 14:01:50
Quote from: kenkew on October 28, 2008, 07:34:58
I beat you Pauline. By 1963 I was on the dizzy sum of 6 guineas!

Of course you would have received more than me in those days because you are a man!!

Didn't men do a better job though? (he said, ducking behind the couch!)...

:o :o :o :o

lbb

tim · « **Reply #17 on:** October 28, 2008, 19:49:56 »

In comparing, don't forget that we have 6 more noughts in a Trillion than the US.

kenkew · « **Reply #18 on:** October 28, 2008, 21:08:30 »

I'm hoping this particular thread stays within the bounderies of 'commerce' but I feel a thread concerning reminiscences looming!
(Anyone want to start that one off?) :D

Yeah! OK! I will!
Check out the thread...'Yester-year'

News:

Author Topic: Financial comparisons 1963-2008 (Read 2393 times)