Inflation. If you graduated recently, my sympathies. I graduated from high school in 1973. Oil
embargo made us wait in line for up to 2 hours with a 5 gal. limit at the gas station, nothing like this had been seen since 1945. Gas went from 23 cents to 65 overnight. In grade school i was given a dime a day for lunch /sandwich-5 cents-soda 3 and 2 left for shaved ice for unauthorized
thru the fence purchase. This went on for many years, and before you knew it kids now needed
a quarter. Everybody forgets that oil scare, visiting relatives in arizona before embarking for college, they had a deal for me-you can have a car providing you keep the other 2 full of gas.
The best way was to start at 6 in the morning, driving each car back and forth, i was done in
2 to 3 hrs. My stepfather had built the largest shopping mall in the U.S. at that time and its initial success was marred by this gas fiasco. Gold went from $35 to $150 in a year. Jobs were scarce. In 73 min. wage was $1.50 and a toyota corolla was under $2000 now its $7.55 and $15,000. Here is the nitty gritty :hotel rooms by and large were under $20 and by the time i got into time share they were going over $50. the eroding dollar was a major concern. Airline and room rates were freaking people out. If you got into time share after 1986 you missed the whole commotion. Inflation wasnt the primordial scare anymore.
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