“mericans have been using debt to finance a 1980s standard of living”
This goes way before the 1980’s. Don’t believe the liberal anti-Reagan nonsense that the 1980’s was the decade of greed. This started right after WWII in 1945 under Truman the democrat.
says Rob Levy, Financial Health Network, who said the same thing a year ago.
Tweet: Financial Health Network
Only 28% of people in America are financially healthy. Today, with support from the @OmidyarNetwork, the @MetLife Foundation, and @AARP, we launch results from the inaugural U.S. Financial Health Pulse. Learn about the state of #FinHealth in America.
1 November 2018
https://twitter.com/finhealthnet/status/1057980583152926721
I disagree; the 1950s were a great time for Americans because much of the developed world had to rebuild after WWII while our manufacturing infrastructure was intact (so we could sell to just about anybody). On top of that, millions of returning servicemen could get higher education through the GI Bill, so they could move beyond farm and factory work into white-collar jobs. As the rest of the developed world got on its feet and competition increased globally, that anomaly was adjusting itself - and we didn’t want to hear that.