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>there is the elephant in the room of college loans which were essentially non-existent in 1970, but have indebted 10s of millions of kids Also, health care/in
by DebtDeflation 5y ago
>there is the elephant in the room of college loans which were essentially non-existent in 1970, but have indebted 10s of millions of kids
Also, health care/insurance costs. Growing up as a kid in the 1970s/1980s in a blue collar household, my father's job provided health insurance at a far lower % of salary than is common today and with minimal out of pocket costs for receiving care. Also, retirement. Back then most companies provided defined benefit (pension) plans rather than defined contribution (401K) plans - you put in your years and then you retired at a decent % of final salary for life.