Quote:
Originally Posted by Whitley
Your quote made me think. Most of us get on the younger generations case for not growing up, settling down, being responsible. Here is something to think about; The goal has always been 2.6:1. 2years 6months of salary to purchase a home. This is taking the mean income and mean price of a home. In 1980 for me it was 2.4. Today it is 9:1. The ratio of income to automobile is equally unbalanced (comparing 1980 to today). This makes it very hard to be able to "own" your own home (or car). You will own nothing and be thankful. I'm not even addressing the debt coming out of college (in one generation my college went from 9k to 48k a year). Young adults today really do have a bum deal. If you want to really see how bad it is, consider what social media has done to relationships. It is very concerning.
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After 1980 the middle class began disappearing. Real average wages stayed constant with respect to inflation until about 2010 when some wage gain began. Look to the tax bracket changes to see that middle-class wealth went to the upper class.