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re: I'm sick of people saying the middle class is worse off than 4 decades ago.
Posted on 3/14/17 at 3:28 pm to graves1
Posted on 3/14/17 at 3:28 pm to graves1
quote:it's like you didn't even read my post. Literally nothing about the behavior of people today versus the behavior of people in the seventies tends to support your claim. Just declaring it to be so doesn't make it so
I think the biggest difference in the middle class then and now is disposable income and debt. The average middle class now is carrying more debt than they did in the 70's due to the amount disposable income.
1
Posted on 3/14/17 at 3:40 pm to ShortyRob
My point about disposable income being the rise in insurance. Weather it be health, car, or home have all gone up faster than the average middle class salary. Which leads to less disposable income. Which leads to more debt. And that is just insurance rates. Could say that about most necessities.
As far as behavior, in the 70's you paid cash more often because you had more disposable income.
As far as behavior, in the 70's you paid cash more often because you had more disposable income.
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