Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Let's Talk About Minimum Wage, Class Warfare, Wage Gaps, etc.

opendoor · 08-10-2021, 02:11 PM

LOL, yeah too much eating out is why people are barely scraping by.

If you want to compare to prior eras, sure some things are cheaper. Basically the cheaper, more discretionary stuff like clothing (not optional, but there's a range in what you can buy), entertainment, alcohol/tobacco, etc. is cheaper while the expensive things (housing, education, health care, etc.) are vastly more expensive. What shift do you think ends up having a bigger effect on someone's economic well being?

In 1973 the average US family spent 39.6% of their (often single) income on housing, transportation, health care, and education combined. In many places now people would struggle to cover just housing with 40% of their income. It is indisputable that people 40-50 years ago spent a higher portion of their income on discretionary consumer goods than people do today. That's just the reality when necessities have become so expensive.

08-10-2021, 02:11 PM	#71
opendoor Franchise Player Join Date: Apr 2007 Exp:	LOL, yeah too much eating out is why people are barely scraping by. If you want to compare to prior eras, sure some things are cheaper. Basically the cheaper, more discretionary stuff like clothing (not optional, but there's a range in what you can buy), entertainment, alcohol/tobacco, etc. is cheaper while the expensive things (housing, education, health care, etc.) are vastly more expensive. What shift do you think ends up having a bigger effect on someone's economic well being? In 1973 the average US family spent 39.6% of their (often single) income on housing, transportation, health care, and education combined. In many places now people would struggle to cover just housing with 40% of their income. It is indisputable that people 40-50 years ago spent a higher portion of their income on discretionary consumer goods than people do today. That's just the reality when necessities have become so expensive. Last edited by opendoor; 08-10-2021 at 02:14 PM.