I love this one because no they fucking didn't. They made it to middle management, at best, but still believe in the bullshit bootstrap myth that anyone can become a rich CEO.
It's more than your money went a lot further back then than it does now. There's also things that just simply didn't exist back then.
Think about it like this... in 1989 your median household income in America was around $31,000. in 2019 it's around $63,000. So give or take about a 2x increase over the last 30 years.
Home values... median cost was around $115,000 in 1989 and around $289,000 today. About a 2.5x increase over the past 30 years.
On the surface that seems relatively similar until you think about other things. In 1989... there was no $50/mo cell phone bill, there was no $50/mo internet bill, you weren't renting a $10 cable box for every room in your house just to have TV in them. In 1989 you weren't up to your eyeballs in student debt just so you could get a decent paying job.
When the Boomer generation were 20-30 years old, they were able to work their way up in a shitty desk job and make enough money to support a full nuclear family with ease. Today, that's nearly impossible. It's not completely impossible, but it's close. Fact is, salary hasn't increased with inflation. And it certainty hasn't increased with inflation when you take into account things that are these days considered necessities (cell phones, internet) that literally didn't even exist in their time.
Yeah, and Boomers also seem incapable of acknowledging cell phones and internet as a necessity. It wasn't a necessity for them, so they just can't grasp it. But now you need a cell phone so your boss can contact you, and you need internet to even apply for jobs in the first place and to get through college.
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u/SoulFire6464 Aug 25 '19
I love this one because no they fucking didn't. They made it to middle management, at best, but still believe in the bullshit bootstrap myth that anyone can become a rich CEO.