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Look at the amount of time the average American has to work in order to by food. It's much less than it used to be. The only reason it feels like we have less m
by learc83 15y ago
Look at the amount of time the average American has to work in order to by food. It's much less than it used to be. The only reason it feels like we have less money is because we have more stuff to spend it on.
- JabavuAdams 15y agoLook at how long the average American has to work to pay for the housing that is considered socially acceptable.
- learc83 15y agoThat just proves my point. Once again, we feel poor because we have so much more stuff to spend money on. Houses in America today are HUGE compared to what was acceptable in the past. A nice house today would have been considered outrageously opulent 40 years ago. This was also primarily caused by a housing bubble. A bubble that was created in part because of government intervention causing increased demand for houses (mortgage interest deduction, low interest rates).