Yes, they were. in the 1950's the average income was around $3,000. That's for the entire year. If you had less than $250 per month to pay all of your monthly expenses without spending it all just in case you had unexpected expenses, your kid wanting a toy gun for $1.98 would not seem cheap to you. You could get and entire dinner at a sit-down restaurant with steak, vegetables, desert and a drink for about that at the time.
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