My Grandfather from Dad's side was born in 1895 and died in 1972. He lived through a lot of stuff!
NPR had a segment that said we are just a bit higher in wages on average than the 1970s. Of course these are averages. The bottom is much worse and the top is much better. Wealth is more concentrated at the top end so yes, it is worse for lower middle class.
Our young ones will live with the specter of the 2008 great recession and the longest war in our History--Which is still going on and more troops were sent over recently.
It is all relative but I expect that my Daughters will be more like my Grand parents when it comes to frugality. Some of the stats on the new generation show them to be quite different as a generation--less drugs, drinking and etc.
NPR had a segment that said we are just a bit higher in wages on average than the 1970s. Of course these are averages. The bottom is much worse and the top is much better. Wealth is more concentrated at the top end so yes, it is worse for lower middle class.
Our young ones will live with the specter of the 2008 great recession and the longest war in our History--Which is still going on and more troops were sent over recently.
It is all relative but I expect that my Daughters will be more like my Grand parents when it comes to frugality. Some of the stats on the new generation show them to be quite different as a generation--less drugs, drinking and etc.




