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re: Minimum wage in the 1970s would be the equivalent of making almost $56,000 a year now
Posted on 4/22/26 at 9:34 am to theunknownknight
Posted on 4/22/26 at 9:34 am to theunknownknight
You don't have to go that far back for the numbers to get crazy.
In 2000 median salary was right at $34,000 which is around 68,000 adjusted for inflation. Median home cost was $119,600 which is about 226,000 today.
Median salary today is $61,984 and like you said, median home cost is $420,000.
The median wage today isn't much higher than the buying power of what minimum wage was in the 70s.
In 2000 median salary was right at $34,000 which is around 68,000 adjusted for inflation. Median home cost was $119,600 which is about 226,000 today.
Median salary today is $61,984 and like you said, median home cost is $420,000.
The median wage today isn't much higher than the buying power of what minimum wage was in the 70s.
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Posted on 4/22/26 at 9:35 am to Bayou_Tiger_225
quote:
So what do you want them to do. Acknowledge that the older generations decisions fricked them over and just continue about their day? Might be a little bit easier to do if the older generation at least acknowledged the situation. Instead older folks just gaslight them saying it’s their own fault and need to work harder.
You dudes act like people that made it on their own learned nothing in the process. Like someone that came before them knows nothing at all. I'm not that old, I was struggling to figure it out not long ago.
What I want them to do it to spend your time working to improve your situation and not blaming the world.
Its like if they complain online enough, they will get a hand out or something
This post was edited on 4/22/26 at 9:39 am
Posted on 4/22/26 at 9:35 am to tadman
quote:
Not when you factor in light trucks, which are over half of cars today. An F150 was under $6000 in 1980. That's about $25,000 today. You can't buy a used five year old truck for that, let alone a new one.
Have good news and bad news. Today's Ranger is larger than the F150 from 1980. Bad news is that the cheapest one is still almost $35,000
Posted on 4/22/26 at 9:36 am to theunknownknight
quote:
In relation to buying power relative to major expenses like home prices. Specifically, around $27 an hour
Have you factored in the mortgage interest rates?
Posted on 4/22/26 at 9:37 am to NawlinsTiger9
quote:
Are you writing smut for the boomers on here?
Being a millennial (sadly), I'm a lot closer to the younger generation the boomer generation.
I have no problem telling it like it is.
Posted on 4/22/26 at 9:38 am to Techdave
quote:They are working to improve their situation
What I want them to do it to spend your time working to improve your situation and not blaming the world.
. The whole point is that the cost of living is out pacing people’s ability to do so. 
Posted on 4/22/26 at 9:39 am to Techdave
quote:
I have no problem telling it like it is.
Your posts in this thread disagree
Posted on 4/22/26 at 9:39 am to Techdave
quote:What I want is for the older generations to recognize that they fricked up with their politics and economy, acknowledge it, and address it.
What I want them to do it to spend your time working to improve your situation and not blaming the world.
The older generations have, throughout history, sacrificed their well-being for the younger generations.
At least that was the mindset…up until about 50 years ago.
We need to address the economic climate that younger generations are facing before it bites us all in the arse.
“Pick yourself up by your bootstraps” does not fix the fricked up economy that has been created.
Hell, this doesn’t even address how badly the younger generations were fricked back to back by 2008 and then Covid.
Posted on 4/22/26 at 9:39 am to mikie421
quote:
Not a good comparison. In 1971 a middle class type new home had no garage, Formica, particle board cabinets, linoleum flooring, etc.
The standard home has much more costly finishes now rather than 50 years ago.
As recently as 2006 I would wire as many houses as I could at $1.25 a foot and make money on them with Union Electricians. I wouldn't do one of those spec, row houses that I did then, for less than $5 a foot and it'd be damned difficult to do and stay in business. This is not only due to an increase in labor and material costs but more so due to changes in building codes which have done NOTHING, as far as any study can determine, to make the electrical system in those homes any safer or more reliable for the end user...in fact just the opposite is true. Couple this with the fact that technology has rendered about 10% of that $1.25 a square foot cost obsolete (who has a land line or cable TV in a new home today???) and the changes in requirements is almost totally responsible for this increase. It is the same with EVERYTHING in a new house....not to mention the finishes that are expected.
Posted on 4/22/26 at 9:39 am to theunknownknight
quote:
Young people are screwed, in general, compared to last generations when it comes to opportunity.
but you have Doordash and Uber. LOL
what's your point? You want sympathy? OK, here it is. Are you better now? None of this bitching changes your situation. Wealth isn't finite. There isn't less for you because previous generations used it all up. Suck it the frick up and figure out how to better your situation. As was posted earlier, saving money and not spending beyond your means is a good first step. Difficult for sure, but not impossible. Try that instead of bitching.
And if you feel like your degree is useless, go learn a trade. The avenues to changing your hopeless situation exist. Go find one. But this constant generational bashing from all sides isn't helping you one bit.
Posted on 4/22/26 at 9:40 am to Bayou_Tiger_225
quote:
They are working to improve their situation . The whole point is that the cost of living is out pacing people’s ability to do so.
The frick it is. You don't need a 300k starter home. Get your first one for 150k. Get a used car. Live minimally until you make it.
Posted on 4/22/26 at 9:40 am to Techdave
quote:You aren’t smart
Techdave
Posted on 4/22/26 at 9:41 am to Techdave
quote:
What I want them to do it to spend your time working to improve your situation and not blaming the world.
Holy gaslighting, Batman. Are you just assuming they’re sitting at home crying?
quote:
Its like if they complain online enough, they will get a hand out or something
Why are you assuming they aren’t doing anything about it?
Posted on 4/22/26 at 9:41 am to Techdave
quote:
The frick it is. You don't need a 300k starter home. Get your first one for 150k. Get a used car. Live minimally until you make it.
Yeah, you don’t get it.
Posted on 4/22/26 at 9:41 am to Scruffy
aw baw, you just need to
maybe work an extra job or two, comeon, suck it up!!
quote:
“Pick yourself up by your bootstraps”
maybe work an extra job or two, comeon, suck it up!!
Posted on 4/22/26 at 9:41 am to Bayou_Tiger_225
quote:
They are working to improve their situation . The whole point is that the cost of living is out pacing people’s ability to do so.
When people on this thread think 300k is a starter home, that is delusion.
Posted on 4/22/26 at 9:41 am to Techdave
quote:
Techdave
Do kids born in Haiti have it worse than kids born in America?
Posted on 4/22/26 at 9:42 am to Techdave
quote:
The frick it is. You don't need a 300k starter home. Get your first one for 150k. Get a used car. Live minimally until you make it.
holy shite bro my post earlier was satire
Posted on 4/22/26 at 9:42 am to NawlinsTiger9
quote:
Yeah, you don’t get it.
Too spoiled to live like that?
Because all of that exists.
Posted on 4/22/26 at 9:42 am to LSUtoBOOT
quote:I would 100% trade the cost of homes now for the mortgage rates the boomers faced.
Have you factored in the mortgage interest rates?
A 13% interest rate on a home that increased at expected inflation would make everyone’s lives infinitely better.
That argument is retarded.
A 10-13% interest rate on a home that, based on expected inflation, would be 50% of what it costs now versus a 6.5-7% interest rate on a home that is double what the cost should be.
Sign me the frick up.
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