The median family income in the U.S. has gone from $10,000 in 1970 to $106,000 today, an increase of 10x.
However, the median cost of a house has gone from $25,000 to $445,000, an increase of 17x.
And the median cost of a car has gone from $3,600 to $50,000, an increase of 14x.
The median cost of college has gone from $2,900 a year to $45,000, an increase of 16x.
And the average cost of healthcare per person has gone from $350 to $14,600, an increase of 42x.
@FluentInFinance I'd push back on the car one a little bit. Cars were crap. If your car lasted 5 years or 100,000 miles it was extraordinary. Now cars are expected to do 12 years/250k or it's a lemon. They're a lot safer too and even the ICE ones emit far less pollution per mile.
"I'd push back on the car one a little bit. Cars were crap. If your car lasted 5 years or 100,000 miles it was extraordinary. Now cars are expected to do 12 years/250k or it's a lemon. They're a lot safer too and even the ICE ones emit far less pollution per mile."
New Cars have monopolised software that prevents repair without paying for such software
New cars have devices for police and hackers to stalk ypur position or turn off cars
Electric car windows drown
