Your Insurance Broker's Blog

Back to 1950

…when everything cost next to nothing and people smoked in hospitals.

In 1950, Gérard Vézina proudly opened his own business. He didn’t know it yet, but he had just begun a family adventure that would last through the decades—and a few recessions, too.

To really understand where we’re coming from, though, we need to go back to a time when the word “inflation” was just a vague concept brought up during games of Scrabble. It was a time when you could buy a house without selling a kidney, fill up your tank with just a few coins, and have milk delivered to your door by a man in a cap.

For the sake of history—and to experience a bit of generational shock—here’s a look at the cost of living in 1950, when our grandparents paid less for groceries than they do for McDonald’s today.

A cup of coffee was cheaper than a button of jeans!

Ah, 1950—that almost mythical period when you could buy a house for the price of a top-of-the-line tablet computer.

A liter of gas cost 10 cents, a cup of coffee cost 5 cents, and rent? Barely the price of a home-delivered meal.

An annual income of $3,200 was enough to belong to the middle class. We drove a new Chevrolet for $1,500 and were outraged when the price of bread went up to 18 cents. SCANDAL!

Your grandfather could go to the movies for a quarter, meet your grandmother, and treat her to a seven-cent ice cream. And voilà—60 years of marriage!
How about today? You pay $14 for a movie and $12 for popcorn, only to leave with a bill and a broken heart.

What about houses? In 1950, you could buy one with three checks and a smile. In 2025, you need a 30-year loan, a letter of recommendation from your priest, and a banking miracle.

In short, the cost of living in 1950 was like an episode of La p’tite vie: improbable, funny, and magical. We’re not saying that everything was better, but filling your tank for $2 has a certain charm.