980: Money/Transcript

Money

[Title panel at the top left]

A chart of almost all of it, where it is, and what it can do

[There are 5 large panels below the title panel, each with a series of plots, comparing the values of various things. Each large panel is covered in colored squares, and each single square represents a power of ten (10^(3*n) for n = 0, 1, 2, 3, 4), be it single dollars, thousands of dollars, or even trillions of dollars.]

Dollars

Finished 2014-06-07 [This section is right below the title panel at the top left - it covers the price of a single coffees up to the hourly salaries of CEOs.]

[There is a box with a note next to the title:]

Important notes

This chart is entirely in 2011 dollars.

Every value associated with a year before 2011 was adjusted for inflation using the consumer Price Index.

Nearly every amount has a cited source - when possible,

a scholarly work or government publication. A list of

sources is available at http://xkcd.com/980/sources/

[The rest of this panel shows how much the individual items values compare to a single dollar. Next to each price in dollar will be drawn a number of green squares equal to this amount - so for the 1 dollar bill there is 1 square, and for the 1000 dollar bill 1000 squares. Many of the items have been grouped in small or large groups. Below all these groups are listed from top left to bottom right, and within the groups the individual items are listed similarly but also in columns. If there is a heading for a group this will be highlighted - else it will be the first item in the group that is highlighted - after the first line in a group the rest of the items are indented.]

$1 bill

$10 bill

Apples (one dozen) $5.68

Dollar Menu item $1.00

Daily interest on average credit card debt ($9,840) $5.63

Starbucks Coffee $2.00

Average single US restaurant meal $35.65

Average meal at the 20 costliest San Francisco restaurants $85.27

Game consoles

PS3 $250

Xbox 360 $200

Wii $150

Dinner for four

(Lighter blocks show value of time required using median US wage of $16.27/hour)

Homemade rice and pinto beans $9.26 (With time cost of two hours of shopping, travel, prep and cleanup: $41.80)

Homemade chicken dinner $13.78 (With time cost of two hours of shopping, travel, prep and cleanup: $46.32)

McDonals $27.89 (With time cost of 30 minutes travel: $36.03)

Arby’s $34.00 (With time cost of 30 minutes travel: $42.13)

Chili’s $69.64 (With time cost of 30 minutes travel: $77.78)

Outback Steakhouse $109.82 (With time cost of 30 minutes travel: $117.96)

Loose change value per pound $12.80

Loose change with no quarters $5.40

Annual value of pennies received in change (at one daily cash purchase) $7.30

Loose change with no pennies $17.40

Median household daily income $136.28

Taxes $32.16

After-tax $104.12

$1000 bill (Grover Cleveland, discontinued)

$500 bill (William McKinley, discontinued)

Paperback book $6.80

Hardcover book $32.27

Audio book $50.42

Kindle $79.00

New video game $49.99

Traditional cell phone average monthly fee $77.36

Smartphone average monthly fee $110.30

Kindle keyboard + 3G $139

One-gallon jug of loose change $270

Pet ownership

ASPCA estiamtes

Annual cost of rabbit ownership $730

Annual cost of dog ownership $695

Annual cost of cat ownership $670

Annual cost of fish ownership $35

Annual cost of bird ownership $200

Annual cost of small mammal ownership $300

Kindle Fire $199

Men’s suit $400

Low-end bicycle $190

Basic iPad $499

iPad+3G+ a year of data $869

Basic Macbook Air $999

Netbook $249.99

iPod Nano $129

Mac Mini $599

Comcast cable internet for a year ($59.99/month) $719.88

Traditional cell phone average annual bill $928.30

Smartphone average annual bill $1,320

Worker/CEO comparison

1965 production worker average hourly wage $19.61

2007 production worker average hourly wage $19.71

Typical 1965 CEO pay for the same period $490.31

Typical 2007 CEO pay for the same period $5419.97

Thousands

[This section discusses values from around $1000 to $1,000,000, including a dissection of the song If I had $1000000.]
[The Dollars section is zoomed down so the area is only 1/1000 of the size and is shown at the top of the Thousands section with lines indicating this zoom]
[The rest of this panel shows how much the individual items values compare to thousand dollars. Next to each price in dollar will be drawn a number of orange squares equal to the number of thousand dollars in the amount - so for a 1000 dollar item there will be one square and for a small house at a price of 100,000$ there will be 100 squares. Many of the items have been grouped in small or large groups. Below all these groups are listed from top left to bottom right, and within the groups the individual items are listed similarly but also in columns. If there is a heading for a group this will be highlighted - else it will be the first item in the group that is highlighted - after the first line in a group the rest of the items are indented.]

Typical household net worth by head of household’s age

…in 1984 …in 2009

$11,680 <35 years $3,710

$72,090 35-44 years $40,140

$115,060 45-54 years $103,040

$149,240 55-64 years $164,270

$122,100 >65 years $172,820

[Inside a frame there are a block of 1000 thousand green squares set to equal (=) one orange square to indicate the size of an orange square]

One thousand dollars $1,000

[The title of this next item is below the block – the indications are shown from top to bottom, with lines indicating low and mid income, and the squares between low and high are in a lighter color]

Raising a child to age 17

Upper income $302,860

Middle income $206,920

Lower income $206,920

Vacation package from New England

[The title above is below the next line of text which is also below the blocks – there is a bracket between the title and this other line:]

All-inclusive one-week trip for two to St. Lucia resort (incl. flights) $3,204

Twenty week-long Hawaiian vacations $136,020

Typical trip from US west coast

[The title above is below these next lines of text – these are again below each of the two sets of blocks – there is a bracket between the title and the other text]

Typical week-long Hawaii trip for two (incl. flights) $6,801

Typical weekend Hawaii trip for two (incl. flights) $2,863

Cancer treatment including chemo $117,260

Estimated one-year Hogwarts cost (incl. tuition) $43,000

Seven-year Hogwarts degree $301,000

Average community college tuition $10,340 One year $2,580

Average in-state university tuition $28,920 One year $7,230

Golden Opulence ice cream sundae $1,000

Average smartphone annual cost $1.320

Average used car $8,910

Average new car $27,230

High-end bicycle $1,500

One Starbucks latte per day $1.820

United States 2005 per capita income $32,360

Switzerland 2005 per capita income $29,910

Germany 2005 per capita income $27,550

UK 2005 per capita income $23,240

France 2005 per capita income $16,400

China 2005 per capita income $3,540

Brazil 2005 per capita income $5,540

Small rural house $100,000

Typical new home $224,910

Daily sales of Minecraft $193,500

Average individual health insurance annual premium $5,430

[The five blocks of this item are divided with the top four in lighter color and brackets indicate each group and are named]

Employer

Employee

Typing F-U-N-D-S $10,000

A daily pack of cigarettes for a year (NJ) $3,050

Waist deep half-room ball pit $2,400

All 30 bestselling game consoles (refurb, eBay) $2,640

Annual cost of car ownership $3,650

Typical annual household spending $5,650

[The blocks of this item is divided in two, with the last two block in a lighter color. Lines go from each part to the following text]

Home

Restaurants

Average household CC debt $9,960

Annual cost to carry that debt $2,090

Typical annual housing cost for various cities

based on military's Basic Allowance for Housing for an E1 servicemember with no dependents

NYC $25,416

San Francisco $21,888

Boston $18,216

Los Angeles $17,640

DC $16,380

Chicago $13,664

Worcester $12,456

Houston $11,888

Minneapolis $10,908

Detroit $10,080

Salt Lake City $9,108

Scranton $8,60

Initial seat on Virgin Galactic suborbital flight $200,000

Prince William and Kate Middleton’s wedding cake $78,000

Kate Middleton’s wedding dress $350,000

Flower cost for Prince William and Kate Middleton’s wedding $800,000

Millions

[This section focuses on $1,000,000 to $1,000,000,000, with a large section on campaign contributions of American political presidential campaigns, values of expensive works of art, and J. K. Rowling.]

Billions

[This section gets into larger scale finances, profits of various sectors, costs of natural disasters, and net worth of the richest people on the planet. Also, Donald Trump.]

Trillions

[Global financial status is described here. It discusses derivatives, liquid assets, public debt by nation and GDP by continent, culminating with the total economic production of the human race to date.]