How bad is it really?

[planosteve]

Wall Street Silver, a financial analyst on Twitter, highlights that during the Great Depression, the average home cost 3x the average income. Today, it costs 8x as much.

In the 1930s, the average car cost about 46% of a year’s earnings. Today, they eat up 85% of the annual average wage.

Rent, which previously claimed just 16% of yearly income, now demands a staggering 42%.

By these metrics and others, the average person is in a worse position than during the Great Depression, the most challenging economic period in the last 100 years.

https://www.lewrockwell.com/2023/09/dou ... realities/

[Mark]

I don't see how any couple can afford to buy a house now without a pair of six figure salaries.

[GFB]

Wall Street Silver, a financial analyst on Twitter, highlights that during the Great Depression, the average home cost 3x the average income. Today, it costs 8x as much.

In the 1930s, the average car cost about 46% of a year’s earnings. Today, they eat up 85% of the annual average wage.

Rent, which previously claimed just 16% of yearly income, now demands a staggering 42%.

By these metrics and others, the average person is in a worse position than during the Great Depression, the most challenging economic period in the last 100 years.

https://www.lewrockwell.com/2023/09/dou ... realities/

That is all really dumb

[planosteve]

Thanks for your support.