The Year was 1972.
The inflation rate had fallen to about 3.75%. The UK inflation rate was 6 percent.
United States President was still Richard Millhouse Nixon.
The US population was about 208 million and our life expectancy was about 70 years.
The murder rate was hovering around 7.5 murders per 100,000.
The Median Household Income was about 117.00 dollars for the average laborer.
The Minimum Wage in 1972 was $1.60 per hour, the equivalent of $9.61 per hour in 2018 dollars.
A new house would cost you about 27,500 dollars and if you rented a two bedroom the average monthly rent for that was around 155 dollars.
Groceries were beginning to rise slightly. Bacon was 75 cents a pound and eggs 65 for a dozen. A gallon of milk cost about $1.25 and a loaf of bread was approximately 70 cents. You could get a fresh turkey for 70 cents a pound and potatoes were about one dollar for a ten pound bag. If you wanted ground beef it was about 98 cents a pound and fresh strawberries could be had for about 31 cents a pound.
Sending a letter across the country would cost you $.08 in postage.
A gallon of gas cost about 36 cents.
The 2-door Ford Pinto was the least expensive car to buy in 1972 with a base price of $2,161, including an automatic transmission and AM radio.
Top News for 1972
- 11 Israel Athletes murdered by Arab Gunman at Munich Olympics on September 6th
- Five White House operatives are arrested for burglarizing the offices of the Democratic National Committee the start of the Watergate Scandal. Those arrested were G. Gordon Liddy, Finance Counsel for the Committee for the Re-Election of the President (CRP), former aide to John Ehrlichman, CRP’s Acting Chairman Jeb Stuart Magruder, Attorney General John Mitchell, and Presidential Counsel John Dean.
- The United States and Soviet Union sign the Anti-Ballistic Missile (ABM) Treaty and an interim treaty after the Strategic Arms Limitations Talks (SALT I) take place during May. US President Richard Nixon and Soviet Premier Leonid Brezhnev met in Moscow to negotiate arms control between the two nations
- The British government declares a state of emergency over 47 day miners’ strike.
- Earthquake lasting 20 seconds destroys most of Bingol, Turkey – more than 1,000 dead, 10,000 made homeless.
- An earthquake in Iraq leaves 5,000 dead.
- Bloody Friday 22 bombs explode in Belfast Ireland and 9 people are killed with a further 130 seriously injured.
News of the Watergate break-in, 1972
Products introduced in 1972
- Chevy LUV Truck
- Honda Civic
- Polaroid SX-70 Camera
- Canfield’s Diet Chocolate Fudge soda
- Cottonelle toilet paper
- Egg Beaters
- Frequent Flyer program
- Garanimals “Easy Match” clothing for kids
- Magnavox Odyssey, first commercial home game console
- McMuffin by McDonald’s
- Mr. Coffee
- PONG video game by Atari
- Snapple beverages “Made from the best stuff on earth”
- Stove Top Stuffing
Magnavox Odyssey TV Commercial, 1972
It was amazing! We could sit for hours and play the “high-tech” video games like Pong.
1972 Music, Television and Movies
Music – The Top 5 Songs of 1972
Song rankings are based on information from The Billboard Hot 100 Chart Data
1. The First Time Ever I Saw Your Face – Roberta Flack (Atlantic)
2. Alone Again (Naturally) – Gilbert O’Sullivan (MAM)
3. American Pie – Don McLean (United Artists)
4. Without You – Harry Nilsson (RCA)
5. Candy Man – Sammy Davis, Jr. (MGM)
The Top 5 TV Shows of 1972
1. All in the Family (CBS)
2. Sanford and Son (NBC)
3. Hawaii Five-O (CBS)
4. Maude (CBS)
5. Bridget Loves Bernie (CBS)
Please, don’t ask us how this was tied for the number five show in 1972.
5. The NBC Sunday Mystery Movie (NBC)
The Top 5 TV Movies of 1972
1. The Godfather (Paramount)
2. The Poseidon Adventure (20th Century Fox)
3. What’s Up, Doc? (Warner Bros.)
4. Behind the Green Door – With Marilyn Chambers (Mitchell Brothers Film Group)
Sorry. We’re keeping in clean so we’re not showing this one on Boomer Flashback. Instead, we’ll show you 1972’s number 6 movie below.
5. Deliverance (Warner Bros.)
6. Cabaret (Allied Artists)
Find Out More About the 1970s