It’s true that Bidenomics,as well as poor economic policies in general across several administrations, have contributed to this. But from the vantage point of an old person a lot also has to do with the way we expect to live. Grew up in a working class neighborhood (auto painters, policemen,milk men, etc.) where all the wives stayed home and we were content with,or at least accepted, 1000sf houses,one car, one TV set, one landline phone.There’s nothing wrong with wanting and having all the current stuff,but just saying there is a price.
Great post. And imagine how cheap your health insurance would be if you only had access to medical treatments and procedures that existed in the 1950s.
The price of housing has gone up far more than overall inflation in the last 50 plus years. Many younger families could not afford a house without the mother also working, in many parts of the country. Even those old 1000 square foot homes are unaffordable for many nowadays.
Absolutely...we both worked because we wanted crap both for ourselves and our kids.
This was in the 70’s
My lady and I are close to our 80’s.
We both grew up in the economy that you did
My mother stayed home or went shopping most of the time while we kids went to school.
We had the same “one TV”, one phone, one car etc. etc.
We were the typical 4 member family.
What we Didn’t have was a monthly food bill higher than the mortgage bill!
Dad was an upholsterer and needless to say would have needed 2 or 3 jobs for us to survive!
My lady and I spend close to $800.00 a month on food alone!
I’m not talking steak and lobster either!😡
The vast majority of our diet is Marie Callender’s and stouffers frozen dinners!
If we do have a day off of frozen dinners and “splurge” on a steak or roast, we make sure neither cost over $10.00!
My bill for food and a gallon of bleach, toilet tissue and other necessary items was over $1,000 last week!
When You and I were growing up, No one faced these kinds of costs .. unless they were rich and Living on steak and lobster everyday!🥴
Folks are using their credit cards to buy food now!
So there is much more than “wanting and having all of the current stuff” going on to justify these expenses!