• tomkatt@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    1
    ·
    edit-2
    1 day ago

    I thought $40k was more than enough when I was a kid. But that was when you could buy a house for $30k to $50k. By the time I hit my 20s, inflation already had homes at closer to $100k, and the cost of everything much higher than when I was a kid.

    When I was growing up I didn’t know anyone making more than $50k, most made less, and they were doing fine, owning homes, etc. $160k was wealthy.