You’re one of those that thinks that millennial’s can’t buy a house because they bought a piece of avocado toast once, aren’t you. Granted plugging numbers into the CPI inflation calculator isn’t necessarily the best way to look at it, because you have 2 separate gold changes, rise of oil-based fiat AND abject lies from the CBO about actual inflation. However if you take avg price indexes for non-perishable goods or use something like rent figures (which can act as fairly good indicators of actual inflation) and compare as % of annual income, coupled with the fact that far more households are now 2 income families, you’d see, if anything she’s underselling prices. Of course being so well versed in transient economic theory you know there’s no way that any of the above could possibly be true. It’s those stupid kids and their lattes who are to blame.
I think most Americans have a spending problem. $7-$8 daily for coffee. $20/day for phast phood. More to eat out on weekends plus even more to have some dingleberry deliver it to them. And on and on.
The math don’t math in the video either.
What that woman does not say is what the American economy was then and is now. There was no government support for poor people back in the 30s. The welfare and food stamps did not come until the mid 60s. Health support for the poor came later. I know as I was born poor in 50s in California.
Today taxes are higher and there is more government support for people even if they are not citizens. This has been pushed by politicians and has allowed people to stop working. When I worked through college in the early 70s I worked in Watts and although the area was bad most people had much more than I did even though they were on welfare and I was not.
This is ridiculous bullshit. The economic illiteracy is stunning and a disservice to,your readers.
What he ^^^ said. Average salary of 4,200 AFTER being cut in half? BS. See below
https://www.nber.org/system/files/chapters/c2256/c2256.pdf
You’re one of those that thinks that millennial’s can’t buy a house because they bought a piece of avocado toast once, aren’t you. Granted plugging numbers into the CPI inflation calculator isn’t necessarily the best way to look at it, because you have 2 separate gold changes, rise of oil-based fiat AND abject lies from the CBO about actual inflation. However if you take avg price indexes for non-perishable goods or use something like rent figures (which can act as fairly good indicators of actual inflation) and compare as % of annual income, coupled with the fact that far more households are now 2 income families, you’d see, if anything she’s underselling prices. Of course being so well versed in transient economic theory you know there’s no way that any of the above could possibly be true. It’s those stupid kids and their lattes who are to blame.
Do they still teach math and economics in school?
Totally off. A very quick search shows the average annual salary for a manufacturing job was around $1,000… which equates to around $26,000 today.
That’s what is so scary about social media… people can put anything out there and folks take it as fact.
I think most Americans have a spending problem. $7-$8 daily for coffee. $20/day for phast phood. More to eat out on weekends plus even more to have some dingleberry deliver it to them. And on and on.
The math don’t math in the video either.
Dirt was new, when I was born….
What that woman does not say is what the American economy was then and is now. There was no government support for poor people back in the 30s. The welfare and food stamps did not come until the mid 60s. Health support for the poor came later. I know as I was born poor in 50s in California.
Today taxes are higher and there is more government support for people even if they are not citizens. This has been pushed by politicians and has allowed people to stop working. When I worked through college in the early 70s I worked in Watts and although the area was bad most people had much more than I did even though they were on welfare and I was not.