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> Real wages are near historical highs Doesn't matter when real expenses have grown almost 4x faster than real incomes over the last 90 years. •1933 median in
by anonym29 3y ago
> Real wages are near historical highs
Doesn't matter when real expenses have grown almost 4x faster than real incomes over the last 90 years.
•1933 median individual income: $3,800/y
•1933 median house price: $3,800
•2023 median income: $85,000/y
•2023 median house price: $410,000
- tzs 3y agoThe overall point is probably valid, but you should probably pick a different past year for your comparison. 1933 was in the midst of the Great Depression which would have greatly affected both income and expenses.