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VE Day comparisons
Posted on 6/05/20
- Friday 8th May marks 75th anniversary of VE Day, a day to pay tribute to the service and sacrifice of the Second World War generation and to reflect on how our lives have changed.
- One dramatic change has been the cost of living and what money will buy today compared to 1945. Fortunately, average earnings have risen steeply too.
- In the UK in 1945 the average house price was £620, and average earnings were £214 per annum while the average weekly grocery shop cost just £0.45.
- Prices haven't always followed continuous growth. For example, computers cost less today because of the progress of technological innovation.