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Price Points 1990


Oil Price Since 1990
Oil prices are something that has been on everyone's mind for a while. As the prices continue to rise people have less and less disposable income. With less of a disposable income people have to make sacrifices. Many choose not to spend their extra cash on apparel and accessories.
The Bespoke Investment Group chart represents oil since 1990 with various price points included. Also included are the reasons behind each of the price spikes. It is important to note these price spikes because if they affected the price of oil they may have affected the price of food, apparel, accessories, etc.

Citation: http://bespokeinvest.typepad.com/bespoke/2008/05/oil-price-chart.html

Household Income

Household Income, 1990 (1989 Income)
Percent of Total
Number Households
Total Households 91,993,582 100.00%
Less than $9,999 14,214,497 15.45%
$10,000 - $14,999 8,133,273 8.84%
$15,000 - $24,999 16,123,742 17.53%
$25,000 - $34,999 14,575,125 15.84%
$35,000 - $49,999 16,428,455 17.86%
$50,000 - $74,999 13,777,883 14.98%
$75,000 - $99,999 4,704,808 5.11%
$100,000 - $149,999 2,593,768 2.82%
$150,000 and above 1,442,031 1.57%

Citation: http://www.censusscope.org/us/chart_income.html

Economics

US GDP (1998 dollars): $5,743.80 billion
Federal spending: $1252.52 billion
Federal debt: $3206.6 billion
Median Household Income
(current dollars): $29,943
Consumer Price Index: 130.7
Unemployment: 5.6%
Cost of a first-class stamp: $0.25

Citation: http://www.infoplease.com/year/1990.html

Education
The Census reports on the level of education attained by adults age 25 and older. Our elderly population grew up in a time when education attainment was typically lower, and college attendance was less widespread. As this population is succeeded by younger and increasingly well-educated cohorts, the percent of the population that has attained higher levels of education slowly increases. Not only has the number of diplomas and degrees increased, but their percentage in the population has also increased, indicating a growth in attainment greater than the relative growth in national population.

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