Sorry for posting this here, it is in no way meant to seem cheeky towards the age of any champdog members ;)

I am trying to find out what £75 in 1960 would have been equivalent to in today's society?  I do mean in actual hard cash but I would also like to know what it would have been worth in value say in terms of weekly rent, weekly wage, price of luxury good(s) etc?  Was £75 generally a high sum of money in 1960?

Please excuse my ignorance!  I can't seem to find any way of attempting to calculate this, have tried RPI calculations etc but have just confused myself.

Using this on line calculater, on which you seem to only be able to compare to 2007 I got the result as
£1,243.94 using the retail price index.
£2,874.96 using average earnings.
so yes, quite a lot really.

Well in 1960 I left school and my first wage was equal to £1.50 in todays money.  That was a juniors wage in an office.  In 1968 I had my first child when things did not work out with the dad I was on benefits before I looked for another job and got the pricely sum of £6 a wk to pay mortgage ,( house only cost £500 then )food etc, and I managed fine. I cannot for the life of me remember what my wages were when I did go back to work. LOL !!!!

£75 would have been a lot of money then in 1960.  I remember my dad bought a 4 bedroom Wimpey house and it was £2,500 a lot of money then, same house now would cost an arm and a leg LOL !!!!

All I can tell you is that in 1960 I was earning £5.10.6d per week!  £5.52! :)

My first wage come 1972 was still only £7 a week, my rent was £2 a week in my flat share.  Inflation really kicked off some time around then and within a few years I was earning the princely sum of £36 pounds a week but my rent, now living on my own was just £5 a week.  Happy days :-).

:O  Wow, it certainly does put it in perspective!  Thanks for all the replies.

It is a dog related question, I'm doing personal research into dog showing in days gone by.

>Was £75 generally a high sum of money in 1960?

Yes! In 1962 my mother had £5 a week housekeeping money to keep a family of 5.

I wonder why some of us can remember things like wages and some....like me.....couldn't tell you what I earned!
I am 50 and so it's not that I have memory loss or anything, just that it isn't something particularly printed on my brain.
The price of some things I can recall, though not down to any particular year and I do remember decimilization.

Karen

> I wonder why some of us can remember things like wages and some....like me.....couldn't tell you what I earned!
>

Did you ever live alone I wonder :-)  I left home at 16 and had to make do with a junior office workers wage paying my own way in life.  It was not unusual for me to have absolutely no money to spend on food or the electric meter for the last couple of days of the weeks so money matters were imprinted in my brain in those days but I could not tell you my annual salary for the years much later when it was all a lot more comfortable.

Oh yes and maybe that is why!
I went to wicked london aged just 16..an office junior.
Shared a flat (furnished rooms) with a friend from my tiny island (population circa 1800.)
We shared clothes and ate bread and gravy...............
A long time ago, but we survived.
Now, I am much more money conscious than some, but although it might sound contradictory, I am not at all materialistic.
Karen :)

In 1972 my wages were £6 a week for full time work.

My hubby got £10 a week full time.
We managed to save for a few years to buy our first house in 1976 for £8.000 with a morgage of course.

Goodness knows how we done it...but we seemed to manage.

I think it was easier then,than now for young people.

I think it was easier then,than now for young people.

I'm not so sure about that. :)  When we were saving for our deposit, we did NOTHING for 3 years.  No clothes (he only bought work suits - I went to jumble sales and made mine from what I bought there), no holiday, no cinema, no going out at all.  I don't know any young people today who are prepared to do that - they don't want to give up anything at all. :(

I know people who complain that they're struggling now but still go to the pub, eat out, buy clothes, extravagant presents, and buy the best of everything etc.  That's not what I call hard up! :)

> I know people who complain that they're struggling now but still go to the pub, eat out, buy clothes, extravagant presents, and buy the best of everything etc.  That's not what I call hard up! :-)

Sounds like my brother and his girlfriend. Both on 20k a year basic, plus benefits and bonuses(company car/fuel allowance etc).
One month he didnt make his sales targets so had to 'make do' with his basic wage. Didnt he moan!! God I though I was never going to hear the end of it! Although they jointly own a flat he moved into my mums as they were having a rough patch. He pays my mum £100 a month, so he has loads of spare cash. Even with his (small) mortgage. He's always been very materialistic though.

Oh how the other half live! lol ;-)