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In 1967, smaller wages had significantly stronger purchasing power, allowing for major purchases like a luxury car or a fully furnished house with money left over. Due to factors like inflation and economic shifts, the rising cost of living since then means that most people's current paychecks no longer stretch as far despite higher nominal wages. Credit: Volkswagen AG | History In Pictures
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In 1967, smaller wages had significantly stronger purchasing power, allowing for major purchases like a luxury car or a fully furnished house with money left over. Due to factors like inflation and economic shifts, the rising cost of living since then means that most people's current paychecks no longer stretch as far despite higher nominal wages. Credit: Volkswagen AG | History In Pictures
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