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      05-24-2020, 09:22 AM   #22
GenXer
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Quote:
Originally Posted by RedScytheM3 View Post
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.
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.

Last edited by GenXer; 05-24-2020 at 09:36 AM..