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
Drew Carey had his jaw drop in shock after the heartbreaking loss.
2 hours ago
This will come as a relief to many Americans, but it could have consequences post-retirement.
7 hours ago
The company did not specify what the water was contaminated with or how many it affected.
7 hours ago
SCOTUS announced on its website that it may release decisions in argued cases next Tuesday during a scheduled sitting.
8 hours ago
"This week's regular edition BR ended with only one win on Thursday," a fan reacted.
14 hours ago
Fans of the show caught on to the trick the host was talking about, although he didn't reveal it.
1 day ago
At one point, it seemed like the contestant would fail to win the car.
1 day ago
Experts expect buyers and sellers to find common ground while negotiating in 2026.
1 day ago
Individual and bankruptcy filings have been on the up towards a return to pre-COVID levels.
1 day ago
One GoFundMe page raised over $480,920 for the Ford employee within 24 hours, while another raised over $330,055.
1 day ago
"Iceland? I am jealous!!! Oh, yeah, I'm jealous of the $40k, too, LOL. Gr8 solve, Mat!" a fan reacted.
1 day ago
Despite widespread economic concerns, big banks who posted big profits remain bullish.
2 days ago
One simply has to look at the number on the product tag to gauge its quality.
2 days ago
The contestant was quite nervous towards the end but played the game perfectly.
2 days ago
The retailers were part of a group that sued banks and credit card companies two decades ago.
2 days ago
The President signed an executive order about the name change back in September.
2 days ago
The company laid off more than 5,500 employees and that affected its income for the year.
2 days ago
"We're going to have tremendous workforce availability. We're also going to have robots helping us," Trump had stated earlier.
2 days ago
"He almost had it, that was so close," an upset fan said about the disappointing loss.
2 days ago
The President reiterated that believes the affordability crisis is a Democrat hoax.
3 days ago