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I had almost forgotten how little money I made the year that

Posted: Sun Aug 26, 2007 3:04 pm
by Brass Rat
I joined the Air Force.

http://pic40.picturetrail.com/VOL368/95 ... 496358.jpg[/pic]

Of coarse that $182.20 return was a serious chunk of change back then.

Posted: Sun Aug 26, 2007 7:39 pm
by Niner Delta
In July 1967, I was getting about $95 a month in basic training. :(

Vern.

Hey Vern

Posted: Sun Aug 26, 2007 7:52 pm
by Niner
According to this site, in 2007 dollars you earned $592.47 a month. I got this link from a post at Parallax Bill's site that tells about money buying power...relative to whatever year.

http://data.bls.gov/cgi-bin/cpicalc.pl

And Brass Rat, $12855.00 in 1972 is the same as $64,059.42

now. Believe it or Not... as Ripley used to say.

Posted: Sun Aug 26, 2007 9:05 pm
by Brass Rat
Unfortunately that is a $ sign in front of the 2855.36 not a 1.

I was making the princely sum of $288 a month as an E1

So I seemed to have made $14,227.12 in 2007 dollars.

Posted: Sun Aug 26, 2007 11:40 pm
by Niner
Sorry about that mental lapse. Still can't see all that well out of one eye. I was trying to read the w2 and not the tax form. :oops:

IN 1966...

Posted: Mon Aug 27, 2007 2:19 am
by DuncaninFrance
I joined the Merchant Navy as a Cadet on the mega wage of £2/2s/5d a week and all found! 100 DuMaurier Super King Cigarettes were 13/6d !

Posted: Mon Aug 27, 2007 5:46 am
by Brass Rat
I do seem to remember that a carton of cigarettes was $1.28 in the commissary at the time.

Posted: Mon Aug 27, 2007 10:37 am
by Pilgrim
My E1 take home pay was $67.

Military Pay

Posted: Fri Oct 05, 2007 11:10 am
by Jackbull
As an Airman Basic in 1967 I received $32.50 every two weeks.

It was LBJ who caused the across the board increase in military pay in 1968. It was of course still a draft military, and apparently in never occured to most politicans that draftees required funds.

When I retired in 2005 from the "professional" Army my monthly retirement check came to more money than the first year I spent in the USAF.