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Yes, so I am saying that a median income today could sustain a 6 person household if you were allowed to fix your comfort level to the level of the 60s. That is
by tossandthrow 3y ago
Yes, so I am saying that a median income today could sustain a 6 person household if you were allowed to fix your comfort level to the level of the 60s. That is 3 more than a single median income supported in the 60s.
I am definitely not trying to paint a rose-glass view of the past. I am saying that we do have more prosperity today than we had 60 years ago.
I am also saying that we pay of a lot of time to have things that provide diminishing returns. (Ie. would you rather have flush toilets or access to facebook - style of reasoning). Maybe the famous 80% value for 20% cost is also inflating?
- woodruffw 3y agoSorry, I badly misread your post! I agree about the diminishing returns.