The guy is right but also massively understates the financial climate we live in, in the 50's people lived in a small 2 or 3 bedroom house with 4 or 5 kids, they bunked three kids in one room parents in the main bedroom, they had one second hand car that they kept on the road for years, holidays consisted of driving to relatives who lived somewhere else and sleeping in a tent in the back yard dad worked, mum probably didn't and they spent almost no money beyond rent/mortgage and food.
By todays standards that's utter destitute poverty, by 1950's standards that's a good life.
I always get annoyed at Vancouverites who complain about their inability to buy a house in Vancouver, what they mean is they don't want to buy a ####ty old townhome in Abbotsford and commute like their parents would have done without even thinking about it
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