$7850 in 1973 had the buying power of $50789 in today’s dollars. So you actually had a pretty good starting wage back then—congratulations!
Median new home price in 1973 was about $31000 (in today’s money $201800).
I suspect in 42 years from now, kids starting their teaching career will earn upwards of $200,000!
A house will be $1 mil for a basic 3/2 starter home and gas will be $50 a gallon.
On and on…..