Quote:
Originally Posted by edslunch
It would be interesting to compare not the relative living standards between generations but the change in living standards within each generation. Your parents or grandparents started off drinking powdered milk in a small apartment but ended up drinking 2% in a 1500 sq ft house. Your kids started off drinking organic soy milk in a 3000 sq ft house...will they end up drinking Dom Perignon in a 30 room mansion, or drinking no-name oat milk in a one bedroom condo?
I feel like people have much better starting point today, but less opportunity for upward mobility.
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But that is a choice. Compare a 20 year today to your 20 year old self. What things did you buy? Did you have a credit card? Did you live on your own or have roommates? Did hanging out with your friends cost money (starbucks). How often did you eat at restaurants compared to fast food compared to cooking? Did you have a car? Etc etc....
I see teenagers with $7 lattes and it kind of jolts me. How much did you ever spend in in high school?
Locke is right, the selfie is a game changer.