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40-year-old homeowner says economy doesn’t add up: ‘I’m making the most money I’ve ever made, and I’m still living paycheck to paycheck’ (fortune.com)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] 17 points 7 months ago (1 children)

The cost of living is still outrageous compared to then even when you adjust for inflation. There also weren't the same mega corps running every facet of your life while providing the cheapest crap that will never last

[–] [email protected] 0 points 7 months ago (1 children)

That was the era of “made in Japan” — but you’re right; it was different mega corps running every facet of your life.

It was an era where a LOT of people were bankrupted and had to start again from nothing. The big difference was that doing so was possible at the time; this time around it means you’ll likely have no hope of ever owning property because there’s just enough time in one lifetime to get there, if that (for most people).

[–] [email protected] 3 points 7 months ago

it was different mega corps running every facet of your life.

It is a completely different ball game in 2024 and you'd have to be blind to not see it. The power and influence companies have in 2024 dwarfs what any company had in the '70s. Especially with the adevnt of the Internet. So I'm sorry there's just no comparison here. It may have been tough for a lot of people, but like you said, they had a chance to rebuild. People barely even have a chance to get started these days.