The 1980's

By charles41900
  • Period: to

    The 1980's

  • Prime rate changed dramtically

    Prime rate changed dramtically

  • 1980 Economic Indicators

    1980 Economic Indicators

    Inflation rate = 13.5%
    Nominal Household Income = $16,354
    Inflation Adjusted Household Income = $46,205
    GDP = 6.50 Trillion
    Unemployment rate = 6.30%
    30 Year Mortgage Rate = 13.77%

  • Minimum wage raised from $3.10 to $3.35

  • 1981 Economic Indicators

    1981 Economic Indicators

    Inflation rate = 10.3%
    Nominal Household Income = $17,743
    Inflation Adjusted Household Income = $46,205
    GDP = 6.59 Trillion
    Unemployment rate = 7.50%
    30 Year Mortgage Rate = 16.63%
  • Bussiness bankruptcies rose 50%

    Bussiness bankruptcies rose 50%

  • 1982 Economic Indicators

    1982 Economic Indicators

    Inflation rate = 6.2%
    Nominal Household Income = $18,801
    Inflation Adjusted Household Income = $46,082
    GDP = 6.49 Trillion
    Unemployment rate = 8.60%
    30 Year Mortgage Rate = 16.08%
  • An earthquake measuring 6.5 on the richter scale strikes coalinga, California

    An earthquake measuring 6.5 on the richter scale strikes coalinga, California

  • 1983 Economic Indicators

    1983 Economic Indicators

    Inflation rate = 3.2
    Household Income Nominal = $19,265
    Household Income Inflation Adjusted = $45,760
    GDP = 7.00 Trillion
    Unemployment Rate = 10.40%
    30 Year Mortgage Rate = 13.23
  • 1984 Economic indicators

    1984 Economic indicators

    Inflation rate = 4.3
    Household Income Nominal = $20,712
    Household Income Inflation Adjusted = $47,181
    GDP = 7.40 Trillion
    Unemployment Rate = 8.00%
    30 Year Mortgage Rate = 13.87%
  • Prime rate raised from 12-1/2 percent to 13 percent

    Prime rate raised from 12-1/2 percent to 13 percent

  • World oil prices fall by more than a dollar after OPEC decides to abandon price supports

    World oil prices fall by more than a dollar after OPEC decides to abandon price supports

  • 1985 Economic Indicators

    1985 Economic Indicators

    Inflation rate = 3.6
    Household Income Nominal = $21,851
    Household Income Inflation Adjusted = $48,063
    GDP = 7.71 Trillion
    Unemployment Rate = 7.30%
    30 Year Mortgage Rate = 12.42%
  • Stock market prices soared as the Dow Jones Industrial average jumped 38.38 points to a closing record of 1919.17

    Stock market prices soared as the Dow Jones Industrial average jumped 38.38 points to a closing record of 1919.17

  • 1986 Economic Indicators

    1986 Economic Indicators

    Inflation rate = 1.9
    Household Income Nominal = $23,041
    Household Income Inflation Adjusted = $49,764
    GDP = 7.94 Trillion
    Unemployment Rate = 6.70%
    30 Year Mortgage Rate = 10.18%
  • Ecuador is rocked by severe earthquake

    Ecuador is rocked by severe earthquake

  • 1987 Economic Indicators

    1987 Economic Indicators

    Inflation rate = 3.6
    Household Income Nominal = $24,187
    Household Income Inflation Adjusted = $50,389
    GDP = 8.29 Trillion
    Unemployment Rate = 6.60%
    30 Year Mortgage Rate = 10.20%

  • California's minimum wage raised from $3.35 to $4.25

  • 1988 Economic Indicators

    1988 Economic Indicators

    Inflation rate = 4.1
    Household Income Nominal = $25,388
    Household Income Inflation Adjusted = $50,776
    GDP = 8.61 Trillion
    Unemployment Rate = 5.70%
    30 Year Mortgage Rate = 10.34%
  • Hurricane Hugo hits the Carolinas causing extensive property damage

    Hurricane Hugo hits the Carolinas causing extensive property damage

  • 1989 Economic Indicators

    1989 Economic Indicators

    Inflation rate = 4.8
    Household Income Nominal = $27,081
    Household Income Inflation Adjusted = $51,681
    GDP = 8.85 Trillion
    Unemployment Rate = 5.40%
    30 Year Mortgage Rate = 10.32%