Things have gotten more expensive but expectations have risen too. Besides that, I married in 1970. We looked at 2 bi-levels, one was a $15,000 house and the other $42,000. Hubby jumped up and down on the floor of the $15,000 and the whole house shook. We took a pass. We couldn't afford the $42,000 house. We bought a single wide, used trailer.
Hubby had college loans to pay off. It was not $500. Gas was a quarter a gallon in Ohio and income was above $9000 a year depending on the job.
Don't believe everything an anonymous poster claims. Where did the figures come from? What studies, done by whom and how many? The economy is trashed, true, but people younger than you expect more than their parents did, or their grandparents.
>>>I’d seriously check those figures as people on TikTok tend to lie and exaggerate for clicks<<<
I get that. However I tend to believe this man as I have watched another interesting speech on this topic by none other than Elizabeth Warren. Before she became a politician she wrote a book called the TWO INCOME TRAP. She was comparing data from 1970 to around 2003. Despite the higher rate of two income households, the disposable income fell from 50% in 1970 to 25% in 2003.
I’m not a mathematician, but I’m pretty sure keeping 50% of your wages in 1970 was pretty awesome. MAYBE YOU WEREN’T KEEPING 50% as a young person just starting out, but what about 30, 40 and 50 year olds in 1970?
I did a quick YouTube search of her speech that I watched and can’t find it. However here she is giving an interview about that same book and it’s only a five minute segment. Recall she was a professor at this time and not a politician.
https://www.youtube.com/watch?v=UnH2eJAvK84&ab_channel=MassachusettsSchoolofLawatAndover
I’d be thrilled to give a conservative analysis of the changes over time but I have not seen one.