Back in the 1950s and 60s, the American dream was in full effect. With $10 grand in your pocket – that’s a bit more than $100 grand today, considering inflation – you could get a university degree, buy a car, open a mortgage, and feel comfortable starting a family. Nowadays, that same money will barely get you two years in college.
When I stumbled upon this information, the first thought that came into my head was, “What the fuck happened?”
I’m well aware America had its biggest economic boom post World War II and, therefore, it makes sense you could get a lot for your buck during that time. However, what boggles me is how far we’ve come. The young people of today have to work twice as hard to earn half as much – if not less.
I’m not the biggest fan of economics. Numbers tend to give me a headache. But after looking at the amount of student debt I have piled up, I began to wonder how the hell anyone makes it in such a society without slaving their life away.
So, purely out of curiosity, I’ve researched the information and provided it to you. To be quite honest, I apologize in advance. Any level-headed person will probably be just as pissed as I was upon seeing all this. Continue reading Why the Current Generation is Financially Fucked