Quote:
Originally Posted by ranchlandsselling
I was discussing this with my GF and father the other day. She knows what we make as a household. My dad supported wife and 4 kids. Was taking about his salary back in the day 1980 when he moved to Alberta. My girlfriend thought we make much more than that they (my parents) pulled it off (pressure mounting for wedding and kids). I pulled out a quick inflation calculator and discovered that the starting salary my father got in 1980 would be the equivalent of 390k today. They bought a house, sold said house for $1.0 in the early 1980s, bought another bigger house (needed space) and had a hard time getting by for awhile. He obviously changed jobs and didn't maintain that salary. But he still must have been making a lot, and it was tough.
I can't father paying for kids and a different house and school and sports and . . . Vomit.
I think it's tougher these days. But the credit is cheaper. It's easier to live above our parents standards. But one day someone is going to have to pay.
Also computers weren't $400.00 back then.
TV's weren't $500
We didn't eat out, food was more expensive I believe. There was no costco, walmart, home depot, rona, lowes.
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What was your father doing that he had a starting salary of $135000 in 1980? Also, that would have had him making 4.5 times more than the median income of the top 20% of earners in 1980, putting him solidly in the 1% group. If you are comparing yourself to him you may be setting your benchmark a bit too high.