Difference between revisions of "980: Money/Transcript"
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:::Real value $27,370 | :::Real value $27,370 | ||
:[There are two blocks to the right of these 30 blocks. The top has 30 orange and 26 brown squares] | :[There are two blocks to the right of these 30 blocks. The top has 30 orange and 26 brown squares] | ||
− | ::$1,000/yr for 30 years ( | + | ::$1,000/yr for 30 years (inflation-adjusted) at a 4% real return (long-term stock + dividend average) $56,080 |
:[The bottom block has 30 squares, only 12 orange the rest is drawn in the light color also used for the middle blocks for the 30 years blocks] | :[The bottom block has 30 squares, only 12 orange the rest is drawn in the light color also used for the middle blocks for the 30 years blocks] | ||
::$30,000 saved in a mattress for 30 years. | ::$30,000 saved in a mattress for 30 years. |
Revision as of 20:53, 13 June 2014
- Below is the complete transcript for 980: Money.
- (Or so it will be - once someone finishes it).
- The transcript on the main page, has been assigned to just state the entire text from the first panel and then only what is visible in the small version of the image for the other five panel - that is their headings.
- This transcript tries to give a full transcript of this huge version of the comic.
- To be able to link to this transcript from the explain section, each of the five main headings will have a sub section heading, and each sub heading within these another sub sub section heading for this purpose.
Money
- [Title panel at the top left]
- Money
- 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.]
- [Many of the items have been grouped in small or large groups. Below in each section all these groups are listed as best as possible from top left to bottom right. Within the groups the individual items are listed similarly but also in columns if they are sorted like that. If there is a heading for a group this will be given as the subheading - else it will be the first item in the group that becomes the subheading:]
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.]
- Dollars
Important notes
- [There is a box with a note next to the title. The first line of text is written in a dark orange color - the same color as the frame of the box. It is the only text that is not black - apart from the white on black background for the main panels 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.]
$1 bill
- $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
- [These items are singled out as they are framed by a light green square with rounded corners]
- Average single US restaurant meal $35.65
- Average meal at the 20 costliest San Francisco restaurants $85.27
Game consoles
- Game consoles
- PS3 $250
- Xbox 360 $200
- Wii $150
Dinner for four
- [These items are singled out as they are framed by a light green square with rounded corners]
- 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)
- McDonalds $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
- 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
- Median household daily income $136.28
- [The heading stands to the right of the block of squares. The first third of the blocks are a darker green. The two parts of the blocks are labeled]
- Taxes $32.16
- After-tax $104.12
$1000 bill
- $1000 bill (Grover Cleveland, discontinued)
- $500 bill (William McKinley, discontinued)
Paperback book
- 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
- One-gallon jug of loose change $270
Pet ownership
- [These items are singled out as they are framed by a light green square with rounded corners]
- 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
- 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
- Traditional cell phone average annual bill $928.30
- Smartphone average annual bill $1,320
Worker/CEO comparison
- [These items are singled out as they are framed in together]
- 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 is directly below the Dollars section – it discusses values from around $1000 to $1,000,000, including a dissection of the song If I had $1000000.]
- Thousands
- [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.]
Typical household net worth by head of household’s age
- [These items are singled out as they are in a frame.]
- Typical household net worth by head of household’s age
- [There is two columns of blocks across from each other, with these headings:]
- …in 1984 …in 2009
- [On each side of two columns are given the values. In between the columns are written the age range:]
- $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
One thousand dollars
- [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
Raising a child to age 17
- [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 income are drawn 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 line of text is written below the next line of text which is also below the blocks – there is a bracket between the title and this other line:]
- Vacation package from New England
- All-inclusive one-week trip for two to St. Lucia resort (incl. flights) $3,204
- Twenty week-long Hawaiian vacations $136,020
- [The title line of text is written below these next two 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 trip from US west coast
- 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
- 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
- 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
- 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
- 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
- Annual cost of car ownership $3,650
- [The title of this next item is below the blocks. These are divided in two, with the last two of the six blocks drawn in a lighter color. Lines go from each part with labels above the blocks]
- Typical annual household spending $5,650
- Home
- Restaurants
- Average household CC debt $9,960
- Annual cost to carry that debt $2,090
Typical annual housing cost for various cities
- [These items are singled out as they are in a frame.]
- 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
- 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
Value of an investment
- [These items are singled out as they are in a frame.]
- Value of an investment of $1,000/year
- (Not changing with inflation) for 30 years at 5% annual interest:
- [There is 30 block in three rows of ten from 1 to 30 years. The increasing investment is shown in the normal color, but the interest (when above $500) is shown in a brown color. Except for the last after 30 years – see below. There is also two additional blocks shown to the right – see below.]
- 1 year $1,000
- 5 years $5,526
- 10 years $12,850
- 15 years $21,580
- 20 years $33,070
- 25 years $47,730
- 30 years $66,440
- [Right of the 30 years blocks are two brackets marking the top and the bottom half. The blocks in the top part are grey – this represents those that would have been brown for the other 29 years. Then there are three light orange in the middle, and the rest is the normal color. These squares are the $30,000 invested. The top part including the three light squares are labeled together as are the bottom orange squares:]
- Cost of 3% inflation
- Real value $27,370
- [There are two blocks to the right of these 30 blocks. The top has 30 orange and 26 brown squares]
- $1,000/yr for 30 years (inflation-adjusted) at a 4% real return (long-term stock + dividend average) $56,080
- [The bottom block has 30 squares, only 12 orange the rest is drawn in the light color also used for the middle blocks for the 30 years blocks]
- $30,000 saved in a mattress for 30 years.
- [A bracket indicate the bottom orange squares]
- Real value $12,360
- [Below is the following note in light grey text]
- Note: the reason the investment appears to lose ground against inflation is that only a portion of the $30,000 is earning interest in a given year, but the entire amount is effectively suffering from deflation. If the money were all invested from the start, it would earn a constant 5%-3%=2% return and beat inflation handily.
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.]