Source: Energy Information Administration; In 1960, the average cost of a plane ticket per mile was $0.06679. Different system, different world ? Presidents John F. Kennedy and Lyndon Johnson lobbied Congress for increased federal aid to education, leading to the creation of new programs. In the 1960s, for example, it was somewhat uncommon for a textbook to have much in the way of pictures. How The Cost Of College Went From Affordable To Sky-High In the decades following World War II, many American families had a lot of help paying for a college … How Much Stuff Cost In 1960. By 1981 the figures were $13,266 for blacks and $23,517 for whites. 1960s: White colleges were described as By 1960, with enrollment surging, even more money was needed, and a major tuition hike was forecast. In social terms, the number of college students doubled between 1940 and 1960 to 3.6 million, creating a huge pool of high-minded if sometimes … The federal government became increasingly education-oriented. In 1960 a new house cost $12,700.00 and by 1969 was $15,500.00; In 1960 the average income per year was $5,315.00 and by 1969 was $8,540.00; In 1960 a gallon of gas was 25 cents and by 1969 was 35 cents; In 1960 the average cost of new car was $2,600.00 and by 1969 was $3,270.00 ; Misses Swinging Shifts Skirts $5.00 Therefore, we can resolve the formula like this: FV = PV (1 + i) n = $100 * (1 + 0.04) 60 = $874.06. The 1960s time period and OUR generation is like night & day. The 1960s Education: Overview. A dollar really went far in the 1960s — much farther than it does today. In the late 1960s and early 1970s, widely-cited reports from the Bureau of the Census showed that a college-age youth from a family with an income over $15,000 was nearly five times more likely to be enrolled in higher education than one from a family with an income of less than $3,000. A revolution in education took place in the United States during the 1960s. In 1960, the average cost of a gallon of gasoline was $0.31. Some books, like Knopf’s History of the Modern World , … When the CPI for both start and end years is known, the following formula can be used: There are 60 years between 1960 and 2020 and the average inflation rate has been 3.6209%. By 1960, I was in my third year at School and this was the time you chose the subjects you'd be taking for the rest of your education, This meant saying goodbye to subjects such as Music and Gardening which was a shame as it's those two subjects which came to be a major part of my life! The rules and values were far from our modern views and morals today. Source: U.S. Civil Aeronautics Board; In 1960, the median cost of a home in the US was $11,900. During the 1960s, segregation was definitely POWERFUL. 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