
mylifeistrash
Luminary
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- Joined
- Dec 28, 2017
- Posts
- 14,885
https://www.bloomberg.com/news/arti...als-gen-z-pessimistic-on-life-deloitte-survey
A single mother working as a waitress at Denny's in the 1980's had more spending power than a college educated cubicle drone in 2019.
For some simple examples, inflation-adjusted home prices have gone up by a factor of 6 and inflation-adjusted education prices have gone up by a factor of 3 over the past few generations [1], while inflation-adjusted average wages have only gone up by $2/hour [2]. That single mom would have had a dramatically easier time providing housing and education for kids even with lower purchasing power for most consumer goods.
[1]: https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html
[2]: https://www.pewresearch.org/fact-ta...rs-real-wages-have-barely-budged-for-decades/
Most people spend more money on rent / housing than on federal taxes.

A single mother working as a waitress at Denny's in the 1980's had more spending power than a college educated cubicle drone in 2019.
For some simple examples, inflation-adjusted home prices have gone up by a factor of 6 and inflation-adjusted education prices have gone up by a factor of 3 over the past few generations [1], while inflation-adjusted average wages have only gone up by $2/hour [2]. That single mom would have had a dramatically easier time providing housing and education for kids even with lower purchasing power for most consumer goods.
[1]: https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html
[2]: https://www.pewresearch.org/fact-ta...rs-real-wages-have-barely-budged-for-decades/
Most people spend more money on rent / housing than on federal taxes.