1962 News

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Cost of Living in 1962

  • Yearly Inflation Rate USA 1.20%
  • Year End Close Dow Jones Industrial Average 652
  • Average Cost of new house $12,500.00
  • Average Income per year $5,556.00
  • Average monthly rent $110.00 per month
  • Tuition to Harvard University $1,520.00
  • All Wheel Drive Scout off road $2,150.00
  • Renault Imported car $1,395.00
  • Average Cost of a new car $3,125.00
  • Eggs per dozen 32 cents
  • Gas per Gallon 28 cents
  • Factory Workers Average Take Home Pay with 3 dependents $94.87

Pop Culture:

#1 Movie – Lawrence of Arabia

#1 Song – Stranger on the Shore – Mr. Acker Bilk

Beatles Turned Down By Decca Records

  • Release of first Beatles recording: the single “Love Me Do”
  • Andy Warhol’s famous painting of a can of soup
  • Beverly Hill Billies is on TV
  • The Dick Van Dyke show on TV
  • Johnny Carson begins as presenter for The Tonight Show

Popular Films

  • West Side Story
  • Spartacus
  • El Cid
  • Lawrence of Arabia
  • To Kill a Mockingbird

Popular Songs (Click To Hear)

Popular Singers

  • The Beatles
  • Bob Dylan
  • Chubby Checker
  • Frankie Valli & The Four Seasons
  • Neil Sedaka
  • Roy Orbison
  • Shirley Bassey

1962 Headlines

  • January 1 – The United States Navy SEALs are activated.
  • February 20 – Project Mercury: While aboard Friendship 7, John Glenn becomes the first American to orbit the Earth, three times in 4 hours, 55 minutes.
  • March 1 – The S. S. Kresge Company opens its first Kmart discount store in Garden City, Michigan.
  • March 2 – Wilt Chamberlain scores 100 points in a single NBA basketball game.
  • May 1 – The Hulk debuts with The Incredible Hulk #1 by Stan Lee and Jack Kirby.
  • July 10 – AT&T’s Telstar, the world’s first commercial communications satellite, is launched into orbit and activated the next day.
  • August 5 – Marilyn Monroe dies from an overdose of sleeping pills and chloral hydrate, officially ruled a “probable suicide”. However, the exact cause of her death has been disputed.
  • August 10 – Marvel Comics publishes Amazing Fantasy#15, which features the first published appearance of the superhero character of Spider-Man, created by Stan Lee and Steve Ditko.
  • September 12 – President John F. Kennedy, at a speech at Rice University, reaffirms that the U.S. will put a man on the moon by the end of the decade.
  • September 30 – CBS broadcasts the final episodes of Suspense and Yours Truly, Johnny Dollar, marking the end of the Golden Age of Radio.
  • October 1 – Johnny Carson takes over as permanent host of NBC’s Tonight Show, a post he would hold for 30 years.
  • October 24 – Cuban Missile Crisis: First confrontation between US Navy and Soviet cargo vessel. The vessel changes course.