Quote:
Originally Posted by RedScytheM3
19k in 1970 does not equate to 1/3 of 55k today. You're forgetting about inflation. 19k in 1970 was the equivalent of ~150k in 2020.
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Are people getting underpaid now because an average price of a house is $150K today but the median income is $55k
So it's either people are underpaid or the price of today's average home is too high.
1970 $24K home = $158K home in today's money
1970 $19K wage = $125K wage in today's money
Did I just answered my own question?
So home prices are staying the same. We're just getting paid a lot less.
Hmm, maybe it's time for me to ask for a raise.