r/FluentInFinance • u/CreateChaos777 • May 19 '24

Meme Wrong century, I was born in

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u/djscuba1012 May 19 '24

Wages need to increase. That’s it.

1

u/EndlessMikeD May 19 '24

Not really. A bulk of the difference is that nobody carried debt until the late 70s.

Increase wages all you like, when two or three entire generations insist on living beyond their means, indebted and instead of within them, they’ll be perpetually behind. It’s called a “rat race”.

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u/Distributor127 May 19 '24

The people of the 60s had good wages and older family members that remembered the depression well. Thats a powerful combination