[PGR88]

“Tuition adjusting for inflation was vastly cheaper in the 70s than it is now. Houses as measured by % of average wages were also significantly cheaper than they are now.”

while cleaning out my deceased mother's things, I came across a bill from the hospital for the birth of my oldest sister (1955). $250 for 7 day stay in hospital, including attending doctor and anesthesiologist, and some jaundice treatment for the baby.

We estimate Dad made about $5000/year as a young middle manager at a local industrial plant, which was also just about the median income of the USA at that time also. So, it cost Dad 5% of his annual salary for him and mom to have a child. Seems reasonable to me. That is absolutely impossible today.

[setter]

“So, it cost Dad 5% of his annual salary for him and mom to have a child”

I work in employee benefits.

The average health insurance family plan today is $24-30k per year. I have spouses, mostly wives working fairly decent jobs and their entire paycheck just goes to pay the health insurance. They do it because in many cases the husbands job does not have health insurance.

I see it my business. 35-40% of employees are doing really well. The other 55-60% are treading water and voting democrat/Bernie

When automation hits we are in serious trouble.

Neither party seems to care.