[jpsb]

Well since I was alive in 1970 (in USMC) and remember those days very well and I am still alive today, I can tell you with assurance that our standard of living is no better today then in 1971. Technology has given us new fun things like PCs and DVDs, but instead of one worker supporting a home (dad) it now often takes two (mom & dad). At best a wash.

[Southack]

"Well since I was alive in 1970 (in USMC) and remember those days very well and I am still alive today, I can tell you with assurance that our standard of living is no better today then in 1971. Technology has given us new fun things like PCs and DVDs, but instead of one worker supporting a home (dad) it now often takes two (mom & dad). At best a wash."

Rubbish. You own more stock today than you did in 1970; everyone does save for a few economic embiciles.

...And homeownership rates for Blacks and Hispanics prove that Americans are *vastly* wealthier today than in 1970, when it was *rare* for Blacks and Hispanics to own their own homes.

In fact, in 1970 Alabama had the *only* urban neighborhood in America that had more Black homeonwers (Condi Rice's hometown) than White. Now that is common in urban environments everywhere.

There's more to America than just Whites, you know...

And stock ownership for Blacks today DWARFS that of 1970. Ditto for Whites and Hispanics and Asians in America, too.

So contrary to your ill-informed views, Americans are vastly more prosperous today than in 1970. Stocks and home ownership being the largest, most visible examples of that fact.

[dennisw]

agreed