How will you cope? 1980s image shows estimated cost of goods in 2010.

This was published in Adelaide 1980 by a superannuation company.

 

Car service and first home sound about right

 

These are usually a bit silly, because at times of high inflation wages also rapidly increase, so presumably if 8% inflation had continued wage increased would have compensated making the prices seem reasonable.

Also what is a saloon car it sounds like there's a bar involved.

 

The washing machine sounds expensive.

 

That the magic of superannuation company, they scare you into giving them the cash to invest for retirement so they can buy their $2000 suit with your fee and you left you with $6.00 bread

 

You got to laugh a it. Inflation and low wage growth have thrown a spanner in the works.

 

An authentic Falcon or Kingswood family car might well be worth $105k these days.

 

Typical long-term forecasting - a pile of BS

 

Which superannuation company? And where was the image from?

 

Pricey OJ! Maybe a deconstructed OJ...

 

How funny how non-specific some of the examples are ... 'a bottle of wine' or 'shoes' can cost just about as much or little as you like. Also, where are we travelling to Glenelg, London or Sydney from?? (Yes I assume Adelaide)

 

Before we get too excited about discussing it, it’s worth remembering that we don't know how real this example is.

My query about which super company and the source of the image has not been answered by the OP.

There is no information in the OP about where the document was sourced from.

May have been done as a high school student assignment! May even be fake.

 

There's a comment which explains where the OP got the image from when it was first posted. I had a quick look but couldn't find it though you might be able to ..

1 How will you cope? 1980s image shows estimated cost of goods in 2010. • r/melbourne

 

So much has changed in 30 odd years. It's simplistic to add CPI @ 5% pa to get a $30 bottle of passion pipit economic reforms have lead to loss of our manufacturing industries with cheaper imports/removal of protectionism, bank reforms, floating of AUD etc.

A cab fare would outstrip the projection (a litre of LPG was < $0.20 & petrol <$0.50).

Oh, interest rates were capped at 13.5%, inflation running in double digits and unemployment going in the same direction.

 

The 1980'S were very different from today,flying to London is less the 1200 bucks if you advance book,1980 it was in the $1800.00 range ..Then for 6-5k you could buy large acreage in between greenbank and brown plains in 1980 as it was all ex farm land ,interest rates were high ,banks did not lend as quickly as today..Then look at most successful businesses from 1980 that are still in business today and how they worked around inherent unpredictability and exploited it..

 

Sure, the 8% prediction has proved to be completely wrong. Interesting though that air flights haven't really changed and a decent small car (vastly better equipped and safer than its 1980 predecessor) can be had for not much more than $18,000, whilst the school fees figure may not be too wide of the mark depending on which school.

 

It's interesting to read this, and there are some things that aren't that far off. I mean, a tank of fuel is about $100 at the moment.
Also:
2 Tickets to Gold Class is about $100 too.
Your local subway would charge around $8 - $13 for a sandwich.
My car service costs more than their projection.
There are plenty of family cars on the road in Melbourne/ Sydney that'd be $100k~.

Then again it doesn't really state the quality/ brand of the 1980's product so there's quite a wide variance for what one could choose in today's money to match up the figures.

Quite amusing.

 

Those airfares look a bit fanciful, they've actually got cheaper.

I once knew a bloke nicknamed "Snappy Tom", but he didn't know it.

 

while this info might be a little out it does highlight another reason why house prices have boomed since then.
Many items on the list are roughly the same price today as they were in the 80s yet incomes are probably 5 times greater.
so logically all the excess money needs to go somewhere and real estate has been the place.
They can't make more land in China...

 

$2000 a suit? Wow, must be an Armani...