ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

A 1996 magazine ad predicted the cost of living three decades down the line — it's eerily spot on

The impact of inflation has made the ad more relevant than ever before for a lot of people.
PUBLISHED OCT 15, 2024
Cover Image Source: (Photo by Ralf-Finn Hestoft/Corbis via Getty Images)
Cover Image Source: (Photo by Ralf-Finn Hestoft/Corbis via Getty Images)

Since Americans have been struggling with an inflation-ridden economy for years, an ad from 1996 has gone viral on the internet. Printed in a magazine almost three decades back, the ad read, "They say in thirty years a burger & fries could cost $16, a vacation for $12,500, and a basic car for $65,000," before adding, "No problem. You'll eat in. You won't drive. And you won't go anywhere."

Image Source: Reddit | u/AntcuFaalb
Image Source: Reddit | u/AntcuFaalb

What clearly appears to be an accurate prediction, was made by the Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF) in the ad that was meant to warn people about inflation. "Granted, sitting around the house may not be your idea of the perfect retirement. But what's your choice when inflation is slowly but surely eroding the value of your nest egg?" it continued.

Image Source: Getty Images | Jonathan Kitchen
Image Source: Getty Images | Jonathan Kitchen

A picture of the ad is now going viral for being extremely close to the reality that Americans face in today's time. User u/AntcuFaalb posted the same photo on Reddit and people were quick to comment on the ad. "Kind of true, as in, I stay home, play video games, read books, and don't eat out much. Covid era was all like "social distancing? You had me at 'social distancing.'" Avoiding people? You don't have to tell me twice!" u/Meowweredoomed commented. Another comment by u/Furious_Georg_ read, "It's almost as if they planned it... They mapped out their greed years in advance."

How Accurate is the Ad?

The 1996 ad predicted a burger and fries would cost $16 in 2026, and while the cost of a burger and fries combo varies from location to location, the prediction is pretty bang on. According to USA Today, Five Guys recently hiked their prices, and now a bacon cheeseburger costs $12.99, while the same meal in New York will cost around $13.09. These prices are steeper in Los Angeles where it will cost you around $14.39 for a burger and fries. In March 2024 someone posted a receipt from Five Guys showing that a bacon cheeseburger, a regular soda, and a small order of fries cost $24.10, which blew many people's minds. 



 

Prices for new cars also vary however, the cost of an average car is above $48,000 and there aren't many options below that. Meanwhile, many SUVs and trucks are often priced above $65,000. For example, the 2024 Sequoia has an MSRP of $73,000 which is $8,000 more than the estimate featured in the ad. According to Bankrate, the average cost of a one-week-long vacation in the U.S. is around $1,984 and the amount varies depending on the number of people going on the trip. According to these reports, Americans are currently spending a lot of their disposable income on food compared to what they were spending in the last decade. With simple meals costing so much and cars becoming unaffordable for many, the ad has become more relevant than ever before.

MORE ON MARKET REALIST
Reports estimate workers will soon push back against losing their jobs to AI.
5 hours ago
The contestant came close to winning it all, but her mistake came right at the very end.
5 hours ago
The retailer has often brought back items after a long gap, and the strategy usually always works.
5 hours ago
From a sales perspective, Walmart has been on top for several years thanks to high revenue.
8 hours ago
He believes that only the global elite will benefit from AI's growth on almost every single front.
9 hours ago
He claimed that traditional ingredients had been replaced with cheap substitutes.
9 hours ago
"So, they will always point the finger at the president and say it's his fault and not take the blame," they said.
11 hours ago
"All it took was a president willing to impose tariffs, willing to present manufacturers with the appropriate economic incentives," they said.
11 hours ago
The contestant was feeling good about his chances but ended up with nothing.
1 day ago
Several large-scale projects will be undertaken as part of the deal.
1 day ago
Stuart Russel says companies are playing Russian Roulette with humans, and governments should step in.
1 day ago
Healthcare providers cited rising costs and denied reimbursements as the reason for the shortfalls.
1 day ago
The affected products have been recalled as the FDA conducts a full-scale investigation.
1 day ago
The customer had to fight for the product that she was willing to purchase.
1 day ago
“It’s, I think, the worst paper I’ve ever seen in the history of the Federal Reserve system," Hassett stated.
1 day ago
The case is notable as it shifts focus from content responsibility, protected under Section 230 of the Communications Decency Act.
1 day ago
Vance has had varied opinions about the technology in the last year, some good and some bad.
2 days ago
The studio audience loved the segment as they cheered the two on whole-heartedly.
2 days ago
While Warsh compared the current situation with the internet boom, economists differ on the opinion.
2 days ago
He suggested some changes to be made to the 401(k) scheme to help Americans save more.
2 days ago