People were a lot poorer in the 1960s. The average weekly pay packet was less than £10 per week. Allowing for inflation that is £150 in today's money. Today average weekly earnings are more than £600.
In the last quarter of 1969, an average house cost £24,312 (£47,500 in today’s money). House prices rose faster than inflation in the 1960s. They were still much more affordable than today. Lenders were more cautious. Banks and building societies lent smaller multiples of income and would only consider a husband's income, not his wife's. The average UK house price was £288,000 in June 2023
The UK Government's Prices and Incomes Board controlled the prices of newspapers in the 1960s.
Newspaper circulation has halved since the 1960s. Newspapers have to compete with online sources of news.
• Daily Mirror - 1960 (2½d) 1969 (5d) 2019 (75p) 2023 (£1.40)
• Daily Express - 1960 (2½d) 1969 (5d) 2019 (90p) 2023 (£1.30)
• Daily Telegraph - 1960 (2½d) 1969 (5d) 2019 (£2) 2023 (£3.20)
Typical groceries people bought in the 1960s were:
|
Item |
Cost 1965 |
In today's money |
Typical price today |
|
Bread (large loaf) |
1s 2½d |
£1 |
59p to £1.10 |
|
Butter (1lb) |
1s 3d to 2s 10d |
80p to £1.81 |
£3.45 (500g) |
|
Margarine (1lb) |
1s 3d to 2s 10d |
80p to £1.81 |
£1.80 (500g Flora Spreadable) |
|
Back bacon (pre-packed,
smoked per lb) |
4s 10d to 7s 10d |
£3.09 to £5 |
£2.39 to £4.50 (500g) |
|
Eggs - 1 dozen |
3s 8d to 4s 6d |
£1.22 to £2.87 |
£1.80 to £3.00 |
|
Evaporated milk |
1s to 1s 4d |
63p to 85p |
70p to £1.20 |
|
Baked beans (16oz tin) |
9d to 1s 3d |
48p to 80p |
75p |
|
Corned beef (12 oz tin) |
1s 11d to 4s 1d |
69p to £1.12 |
£2.60 (340g) |
|
Cornflakes (12 oz) |
1s 4d to 1s 10d |
85p to £1.17 |
£1.30 (375g Sainsbury's SO) |
|
Sugar (2lb) |
1s 3d to 1s 9d |
80p to £1.12 |
75p (1kg Sainsbury's) |
|
Tea (loose leaf PG Tips ¼lb |
1s 4½d to 1s 9d |
85p to £1.23 |
£2 for 250g (approx ½1b |
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