this post was submitted on 28 Sep 2024
1267 points (98.9% liked)
Memes
45726 readers
993 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Think about it this way. In 1960, minimum wage was $1.00/hour and the average home was $11,000.00 In 1968, when Richard Nixon took office, 'middle class' meant one Union job supporting a family of four. By the time Bush Sr. left office in 1992 "middle class" was two college jobs to support the household.
The time difference ('68-92) is roughly the same as the time since the Class of 2000 graduated, and now.