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Message
re: I'm sick of people saying the middle class is worse off than 4 decades ago.
Posted on 3/14/17 at 10:33 am to 50_Tiger
Posted on 3/14/17 at 10:33 am to 50_Tiger
We also have more bills today than we did in 1970
We pay more for phones
We pay for TV
We have the internet
We have a greater unsecured debt load today...credit card bills....I think to the tune of about 6K for every living person in this country....that's money that after a while gives you no benefit when considering the depreciation of most durable goods purchased on credit.
College loan payments ( they were not all that common in 1970) very common now.
We also eat out more. Think about this if you go to choke and puke like Applebees or Chili's with you, your wife and your 2.13 kids that's 50.00 right there(minimum)...that's leaving out any appetizers. We do that as a society at least once a week. The same amount of money at a grocery store could feed the same family for at least three days.
We pay more for phones
We pay for TV
We have the internet
We have a greater unsecured debt load today...credit card bills....I think to the tune of about 6K for every living person in this country....that's money that after a while gives you no benefit when considering the depreciation of most durable goods purchased on credit.
College loan payments ( they were not all that common in 1970) very common now.
We also eat out more. Think about this if you go to choke and puke like Applebees or Chili's with you, your wife and your 2.13 kids that's 50.00 right there(minimum)...that's leaving out any appetizers. We do that as a society at least once a week. The same amount of money at a grocery store could feed the same family for at least three days.
1
Posted on 3/14/17 at 10:42 am to KiwiHead
quote:
We pay more for phones
And we mostly use these phones for things other than voice calls. We willingly pay more because they do more. But our quality of life is so much better than it ever has been, that we are willing to pay more to be entertained and misinformed by content on these "phones".
quote:
We pay for TV
We pay for more content than we ever had available before. We could still get content for free. But our quality of life is so much better than it ever has been, that we are willing to pay more to be entertained and misinformed on these "TVs".
quote:
We have the internet
See above
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