Submitted by hearsdemons t3_11dsudk in Showerthoughts
raff7 t1_jac5n3x wrote
If you compare it to 1994, sure..
$5 now are worth as $10 in 1994…
Striking-Macaron3303 t1_jacdp9z wrote
And you could work six months to a year in a decent factory and pretty much buy a new vehicle and a home.
raff7 t1_jacedz4 wrote
Not really.. a median income for a family in the us was about 30k a year, a house costed on average 120k
In 2023 the median wage per family is close to 60k, with a median house price at 400k
Sure, housing price increased faster than a salary, but o, you could not work six months to a year in a factory and afford a house.. not even close
lookinforbobo t1_jaddqr3 wrote
And interest rates were over 8%
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