Everyone in the Spring Festival period in addition to the joyful busy, before the preparation of a variety of goods, after the New Year to prepare a lot of things to visit friends and relatives, but the face of rising prices, the heart is inevitably some criminal fear. In our exchanges with the older generation, we are sure to hear about some of the things that happened in the last century, which was a less open and less affluent century, but of course the cost of living was much lower.
To be fair, in the 1970s, ? restaurants? s concept was far less popular than it is now. You couldn't find restaurants everywhere in the city, but there might only be one restaurant in every town in a town. Under these circumstances, the average person in the 1970s rarely went to restaurants. At that time, Chinese residents generally had low incomes. For example, a farmer might earn only a few dollars a month, while a city worker might earn a little more. Teachers, a profession whose income was even more important in those days, were paid 30 yuan a month. An old high-tech savvy mechanic with various allowances adding up to $50 a month was a high salary and could look up wherever he went. Jobs like teaching, especially for women teachers, were well paid but expensive.
In those days, in addition to the necessary expenses of family life, there were sometimes unexpected additional expenses. Parents loved their children or parents, for example, they would buy some, eat some, wear some, things that were understandable in nature and are normal nowadays, but in the 70s such ? reckless? practice would immediately result in a deficit for the month. To make it through the month, your family had to borrow money from coworkers and friends. This shows that most average families were not very risk averse at that time. Something major happens to a family member, and the balance of income and expenditure will immediately be out of balance. There were very few opportunities for the average person to dine out, so the mainstream restaurant consumer group was very fixed at that time.
Prices varied relatively widely from one hotel to another, depending on the area, reputation, nature of business, and level of luxury. For most restaurants, snacks were cheaper and a big meal, especially at a famous restaurant, could be expensive. Restaurants at the time were state-owned and reasonably priced, but not at a loss. potent Moutai in the 1970s sold for about 8 yuan a bottle; famous regional wines such as Fenjiu and Zhuhaiqing were priced at around 3 yuan, and even at these prices it was not easy for the average person to drink them, being that it was the family's home to buy anything big. Theoretically, the main regions of the ordinary cigarettes are 40 cents pack, one is 4 yuan, we may wish to measure the value of 10 yuan from the price of cigarettes and alcohol, so it will be more intuitive.