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Was life really cheap "back in the day"? (lemmit.online)

submitted 2 years ago by [email protected] to c/[email protected]

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The original was posted on /r/nostupidquestions by /u/Ill_Card5269 on 2023-09-12 22:29:24.

So I keep seeing people talking on the internet saying that some 50 years ago, you could have bought a house or gotten a mortgage, by basically working a minimum wage job, and it got me curious was life actually cheap "back in the day" or is it something that is false?

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[–] [email protected] 1 points 2 years ago

No it's because wages haven't kept up with inflation. The lesson is not that the past was cheap but the future, especially in the USA, is expensive.