Comment on I'm not asking to be rich.
iopq@lemmy.world 10 months agoReal means it has, considering $40 in 1960 would be worth $400 today if it hasn’t been adjusted for inflation we’d be making four times less money so that doesn’t make sense
Comment on I'm not asking to be rich.
iopq@lemmy.world 10 months agoReal means it has, considering $40 in 1960 would be worth $400 today if it hasn’t been adjusted for inflation we’d be making four times less money so that doesn’t make sense
FlyingSquid@lemmy.world 10 months ago
Great. Now explain how a single income working a low-wage job in 1960 could afford an entire house and now someone like that can’t even afford to rent without multiple roommates. Because wages haven’t stagnated, right?
Oh, and here’s a shit ton of evidence that you’re wrong. Note that organization isn’t a bank or a right-wing think tank like the ones you’ve provided, i.e. they have no skin in the game.
iopq@lemmy.world 10 months ago
If they could, why didn’t they? Home ownership was just the same back then as now
FlyingSquid@lemmy.world 10 months ago
Uh… they did. Are you really not aware of who was able to buy a home then compared to now?
…businessinsider.com/…/housing-market-home-prices…
iopq@lemmy.world 10 months ago
Home ownership rate over time:
fred.stlouisfed.org/series/RHORUSQ156N