It costs more because our money has lost 60% of its value in the last 50 years. In 1967, we bought a new 2000 sq ft home on 2 acres in Beaumont, TX for $15,000. Our new Chrysler New Yorker sedan cost $4,000. Anyone who has lived in this country more than 40 years knows that our government has robbed us of 70% of our dollars’ value. The crooked politicians stole our money to build massive fortunes for themselves and their cronies & to buy the votes of the poor and the stupid. And what have we gotten for that massive transfer of wealth from US families to the greedy government? It still wasn’t enough, so they borrowed $20 TRILLION that generations yet unborn will have no way to pay back. The past three generations of politicians, with few exceptions, should have been jailed.
You need to add in the 50% most people pay in taxes and never see the total
Sales Tax...State Tax...Federal tax..Phone tax..Cable tax..gas tax ..on and on..property tax which gives the government the right to steal your house if you can not pay...you payed for fifty years but that does not count
This during a time of relatively low inflation. I doubt that many people have kept pace.
“It costs more because our money has lost 60% of its value in the last 50 years.”
I think you are understating the case, I figure it’s far worse than that. Fifty years ago I was single, working for $110 a week, driving a new Mustang and partying like mad and still able to meet my obligations without problems. By my math sixty percent means you would need $275 a week to live that way now, not even remotely close to reality. Sixty percent sounds like the official version of events from the federal government which is disconnected from the real world. I would as soon believe figures quoted by Barack Obama.
Oh, one other thing, I only financed my new ‘67 Mustang for thirty six months.