The previous generation could afford a 3-bedroom house by 25, raise 3-4 kids comfortably, own two cars, fund college, take yearly vacations, support a non-working spouse, and retire on a full pension—all with a single income. What changed?
The previous generation could afford a 3-bedroom house by 25, raise 3-4 kids comfortably, own two cars, fund college, take yearly vacations, support a non-working spouse, and retire on a full pension—all with a single income. What changed?
Left the gold standard and central banks went crazy.
Totally, leaving the gold standard messed up a lot. Central banks printing money like crazy devalued everything over time. Makes you wonder how much worse it’ll get with all the debt piling up now