Excerpt from Sam X Renick’s guest column for Billsley.com: The Only Advice You Need to Give Kids on Money
Ten cents was an enormous amount of money to a child growing up in the sixties. In fact, in today’s dollars a dime would be worth approximately one dollar and seventy five cents according to my unofficial but pretty accurate bean and cheese burrito inflation index. Yes, in 1969 an excellent bean and cheese burrito in Los Angeles cost a quarter, tax included.
Today, it costs $4.36.
|Bean & Cheese Burrito||$0.25||$4.36||x17.44|
|First Class Stamp||$0.05||$0.47||x9.4|
|Gallon of Milk||$0.49||$3.29||x6.71|
|Gallon of Gas||$0.31||$2.46||x7.94|
|Loaf of Bread||$0.21||$2.32||x11.04|