Quote:
Originally Posted by microbet
Has anyone ever seen stats on percent of people worse off than their parents (and hence themselves when they were kids)? "Worse off" should probably include some measure of security.
It seems like that is something more noticeable to a person than inequality. When median income goes flat, it's a lot. No one has to look at a chart or know Mark Zuckerberg's net worth to know that they are worse off than when they were a kid.
My Mom bought a 4-bedroom house on a large corner lot in a nice neighborhood, good school district, centrally-located part of KC for $30k in the late 70s. I think she was making like $20k/year at the time doing admin stuff for the KC Metro bus company. She had no degree and almost no college.
That **** is never coming back.
That house stayed in our family until my uncle died about 12 years ago. Such a great house. Had a park with a public pool one block away. That pool was my baby sitter. Unfortunately no one knew what sunscreen was in the 70s apparently.
And the neighborhood in the meantime got rediscovered. It would be worth $300-ish now I guess. Maybe more. I know some hot neighborhoods in KC where smaller houses are going for $500k+.
Last edited by suzzer99; 03-03-2017 at 01:33 PM.