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Relic_001 t1_j3n2elt wrote

Reply to comment by [deleted] in TIL that in 1947, U.S. House Minority Leader Sam Rayburn was gifted a 1947 Cadillac Fleetwood Series 62 from 142 Democratic congressmembers and 50 Republican congressmembers. Each congressmen donated $25 to circumvent Rayburns personal rule of not accepting gifts more than $25. by FranklinDRoosevelt32

Still a lot of money, but the divid between the 1% and the average American was quite a bit less back then too.

EDIT assuming a seven year loan, which isn't uncommon and no money down that's a 741$ monthly payment.

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StoneTemplePilates t1_j3rp8wq wrote

$741 is a pretty large car payment even by today's standards. I make double the median income for my state and I would consider that frivolous.

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