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re: The 'lost generation' of millennials born in the 1980s may never be as rich as their paren
Posted on 5/25/18 at 12:59 pm to RogerTheShrubber
Posted on 5/25/18 at 12:59 pm to RogerTheShrubber
quote:
Where do you get this from?
Do you have any idea how expensive credit was in the 70s and 80s?
Of all of the rhetoric I hear on this subject, painting the 70s as awesome is the most comical to me. It is just COMPLETELY at odds with actual experience.
Can you imagine if a President came on and said, "I know it kind of sucks, but, it would be cool if you turned your thermostats down to the point you need to wear sweaters inside".
1
Posted on 5/25/18 at 1:16 pm to ShortyRob
quote:
painting the 70s as awesome is the most comical to me. It is just COMPLETELY at odds with actual experience.
Correct. The first new car I bought had a 21% interest rate in the early 80's. My note was $410 a month in 1982.
House prices were low because no one could afford the fricking interest to buy one.
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