Oppenheimer & Overdrafts Created by m.moebs on 8/6/2023 7:55:36 AM
At the end of World War II at the movies: ticket 34¢, bottle of coke a nickel, and popcorn a quarter.
Oppenheimer was considered a hero for building the bomb which stopped the war.
And overdrafts were only for the rich.
Times have changed. Yet if your OD price is $20 or higher learn how to make more for less.
Movie Prices & Overdraft Charges Have Dramatically Changed
“The prices for a couple to see a movie (no popcorn, candy, or drinks) and an overdraft are about the same.” Michael Moebs, Economist & Chair of Moebs $ervices, LLC (M$) a Private Financial Service Research Firm.
Lake Forest IL (August 6, 2023) Movie prices and CPI rose over 60% in 20 years while ODs stayed the same.
It cost me $14.50 for 1 ticket to see the movie Oppenheimer and this did not include a coke or popcorn. It was well worth it. The movie is very powerful and inspired the premise of this story – what I paid in total to see the movie is about the same as the current price of an overdraft.
Consumer ODs did not exist in the Oppenheimer Era, so 2002 – 23 was used to compare prices. The relative movie prices were measured using the Cost of Living Index (COLI) and Consumer Price Index (CPI) which started in 1919. M$ surveyed ODs in July 2023. The 2002 summer blockbuster movie was Spider Man.
These prices are shocking. READ FULL ARTICLE
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