Ah, Memory Lane!
I was 16 when Carter took office. *SPIT*
My folks had an 18% Mortgage on our home. Credit Cards (they had ONE!) were 22% interest.
Gasoline? WHEN you could get it, you had to wait in long lines for it.
Electric and natural gas bills through the roof!
My folks both worked, but I know they were hanging on by their fingernails. Sis was still in High School; I graduated early and joined the Army BECAUSE THERE WERE NO JOBS and Uncle Sam would help me pay for a USEFUL college degree. (Note that I did not say, ‘College Education,’ or ‘College Experience,’ LOL!)
We ate a LOT of Mac-n-Cheese and hot dogs. I mean, it’s not like we were starving to death, but we certainly were NOT getting ahead or THRIVING.
Now why does that seem so familiar, 39 years later?
Ronaldus Magnus was the first President I was old enough to vote for. And I never looked back...though I am STILL looking for another Reagan.
Going on 40 years, now...
In 1984 my wife and I bought our first house at a 13% interest rate, and that was the cheaper VA rate.
It took Reagan a few years to turn it around, but turn it around, he did.