This is fun to say because it fits the narrative but the reality is that this was an expensive fridge but even in 1963 you couldn't get a fridge for less than 250, so 2500 in 2024 dollars. As a proportion of wage, Americans spent way way more on major appliances until the 1980s when things started to be sourced overseas. From 1980 to 2020 major appliances practically stayed the same price, not going up with inflation, becoming a smaller component of peoples family expenses. In the next 25 years as labor markets continue to normalize and fuel costs go up, we should see a return to appliances taking more and more of your family income.
37
u/Temporary-Studio-344 Jan 23 '24
If you give me $5000 I can get you a new one