$4,887 salary in 1930 is equivalent to an annual salary of $88,998 in 2023.
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The Great Depression (1929-1941) is widely considered to be the worst economic period in American history. And the very worst year during that time period was 1930. Now, what I'm about to show you, I'm not doing to hurt anyone. I just need people to understand that we are being gaslit.
In 1930, the average annual income for 1 person was: $4,887.
So let's plug that into an inflation calculator and just see what that Great Depression salary - the "worst" in American history - translates to in 2023 dollars.
I'll just let you sit with this for a moment.
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