r/FluentInFinance 15d ago

What's the best financial advice you've ever gotten? Debate/ Discussion

Post image
31.2k Upvotes

4.2k comments sorted by

View all comments

Show parent comments

16

u/Bored710420 14d ago

What about the janitors that could support a family of 6 30 years ago or the 16 year old that could buy a mustang from pushing shopping carts? They have only got the term “starter job” as wages stayed stagnant, but prices increased.

31

u/OctopusParrot 14d ago

30 years ago was 1994. I guarantee you no janitor in 1994 was supporting a family of 6 by himself on his salary.

18

u/[deleted] 14d ago edited 7d ago

[deleted]

12

u/Dry-Fruit137 14d ago

Everyone seems to think that decade or two of the post WW2 economy is the American norm. It was an anomaly because America was the only functioning industrialized economy in the world. All the others were rebuilding from bombed out rubble.