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Prices Of Everyday Items In 1989 · The Cubby and Christine Morning Show

• 0:00
  Speaker 1: Hey, Christine, do you mind if I quiz you?
• 0:02
  Speaker 2: Oh, okay. Pop quiz.
• 0:03
  Speaker 1: Put you on the spot here.
• 0:04
  Speaker 2: Yeah.
• 0:05
  Speaker 1: Light FM, good morning. Happy Friday. Cubby, Christine, producer Kristen.
• 0:08
  Speaker 3: It's Flashback Friday, and a couple of songs ago, we
• 0:10
  Speaker 3: played Janet Jackson, Miss You Much, from October 1989.
• 0:14
  Speaker 1: It's a great song. It's a great song. It sounded great.
• 0:17
  Speaker 3: I got to thinking about 1989, and I looked up
• 0:21
  Speaker 3: the price of things. I want you to tell me
• 0:24
  Speaker 3: if you can guess the price of items.
• 0:27
  Speaker 1: Oh, wow.
• 0:27
  Speaker 3: I know you're not going to get them exact, but
• 0:29
  Speaker 3: you can get kind of close. For example, so in 1989,
• 0:33
  Speaker 3: a $ 100 bill had the same purchasing power as roughly
• 0:36
  Speaker 3: $ 271 today. So that kind of gives you perspective.
• 0:41
  Speaker 1: Okay.
• 0:41
  Speaker 3: You're going to be, you know, prices are multiplying by
• 0:45
  Speaker 3: about two and a half times. So I guess you
• 0:47
  Speaker 3: think about current prices today, what they were in 1989.
• 0:51
  Speaker 3: So if you get within 10 cents of this, I'll
• 0:53
  Speaker 3: be impressed. How much was a gallon of regular gas
• 0:58
  Speaker 3: today in 1989? On October 16th, 1989, ding, ding, ding,
• 1:03
  Speaker 3: you pull up to the gas station. How much was
• 1:05
  Speaker 3: a gallon of regular gas?
• 1:06
  Speaker 2: Well, now I can't even use that math because the
• 1:08
  Speaker 2: gas is crazy right now. Is it like 99 cents
• 1:11
  Speaker 2: a gallon?
• 1:13
  Speaker 1: I'm going to give it to you. Between $ 1. 02 and $ 1.
• 1:16
  Speaker 2: 12.
• 1:16
  Speaker 1: Whoa, okay.
• 1:18
  Speaker 3: And some spots were in the 90 cent range. How
• 1:22
  Speaker 3: much do you think a dozen eggs was?
• 1:24
  Speaker 2: Oh, my goodness.
• 1:24
  Speaker 1: October 1989, a dozen eggs. 69 cents. I almost gave
• 1:28
  Speaker 1: it to you. 95 cents. Up to a dollar.
• 1:30
  Speaker 2: White bread.
• 1:30
  Speaker 1: A pound of white bread. How much do you think?
• 1:32
  Speaker 2: 1989. 250. 250.
• 1:32
  Speaker 1: No, actually, it was only 67 cents.
• 1:33
  Speaker 2: Oh, wow. It was 67 cents?
• 1:52
  Speaker 1: That's what it says.
• 1:53
  Speaker 2: You're paying like $ 8 for a loaf of bread now.
• 1:56
  Speaker 3: How much was a first class stamp at the post office?
• 2:00
  Speaker 3: You went in, you said, I want one stamp.
• 2:03
  Speaker 1: It's October 1989. How much were you paying? 23 cents. Wow.
• 2:09
  Speaker 1: 25 cents.
• 2:10
  Speaker 2: Mm-hmm.
• 2:11
  Speaker 1: Pretty good.
• 2:11
  Speaker 3: Thank you.
• 2:12
  Speaker 1: All right, I got a couple more here. Okay, okay.
• 2:14
  Speaker 1: How much was a home? You're looking at a brand
• 2:18
  Speaker 1: new house. Now, I know.
• 2:19
  Speaker 2: Whoa.
• 2:20
  Speaker 1: There's an average. Yeah.
• 2:22
  Speaker 3: You've got low and high, but average. The average cost
• 2:25
  Speaker 3: of a new home in 89.
• 2:29
  Speaker 2: Well, I don't even know where to begin.
• 2:31
  Speaker 1: I know it's tough. Because it could be a million.
• 2:33
  Speaker 1: It could be 50,000. Okay, 50,000.
• 2:37
  Speaker 2: I don't know, honestly.
• 2:38
  Speaker 1: All right, go higher than that. It's between 100. Like 100,000?
• 2:40
  Speaker 2: A little bit higher. 120?
• 2:40
  Speaker 1: A little higher.
• 2:41
  Speaker 2: 150? 150?
• 2:44
  Speaker 3: Boom.
• 2:45
  Speaker 1: There you go. Wow. $ 150, 000. And finally. We wish, right?
• 2:51
  Speaker 2: I know.
• 2:51
  Speaker 1: Kristen's like nodding her head. I know. Like, please. What
• 2:54
  Speaker 1: was the federal minimum wage?
• 2:56
  Speaker 2: October 1989.
• 2:57
  Speaker 1: Like $ 3.
• 2:57
  Speaker 2: 35.
• 2:58
  Speaker 3: Oh, my.
• 2:58
  Speaker 1: You looked that up. I did not look it up.
• 3:07
  Speaker 1: I did not look it up. You Googled that.
• 3:09
  Speaker 2: I did not, sir.
• 3:10
  Speaker 1: You hit it on the spot. Yeah. It was $ 3. 35
• 3:13
  Speaker 1: an hour. There you go.
• 3:15
  Speaker 3: This week in 1989.
• 3:17
  Speaker 2: How many hours would we have to work to... Well,
• 3:20
  Speaker 2: I guess it wasn't bad because the bread was 67 cents.
• 3:23
  Speaker 1: And gas was 95 cents. Wow. Yeah, it's pretty incredible
• 3:26
  Speaker 1: how times have changed. Yeah, they have.