Quote:
Originally Posted by Qotsaautopilot
We’d have half as many cars on the road at rush hour if American complains paid employees enough to support a family of four with healthcare and a retirement. That way one parent could stay home. That’s not a reality for most Americans which is why you have so much traffic and also a shift towards people wanting from the government what businesses used to provide a generation ago. We as Americans haven’t really changed. How we are compensated has.
Negative.
We make far, far more in adjusted dollars than our grandparents on average.
The main difference is lifestyle. People of that generation had no concept of taking out small loans for shoes, clothes, dinner or cars, furniture or whatever useless crap.
Back then, people owned far less stuff. Houses were smaller, they were paid for in 20 years, and everything in them was paid for.
Now, people are slaves for debt. All these tiny loans people take out with credit cards for lifestyle stuff really add up. That’s a big part of why both spouses work.
The other component is tax. We pay far more tax now. I bet my grandparents paid less than 20% combined (fed, local, state, property.). I pay damned near 50%