10·
18 hours agoBack in 1960, the US minimum wage was $1.00/hour and the average house was $11,000.00
In those days, pretty much any union job would support a family of four with a decent house and money to send the kids to college.
By those standards, today’s ‘middle class’ is poverty stricken.
To be explicit. Everyone is doing worse except for a tiny number of billionaires who have more money than they could spend in a hundred lifetimes.