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Also isn't the 1960-1970s around the time credit cards started coming out? I wonder what the correlation is there, because I know the amount of debt for the average American has skyrocketed since then.
I feel this gave us the ability to live beyond our means which in turn leads to rising costs of thing because we just finance it or put it on a credit card making income irrelevant for a lot of people. I mean there is soooo much shit we spend money on now that wasn't around in 1970. I mean some of our phones cost over $1000 and the phone bill for some is hundreds of dollars per month. We have to pay for internet service, we have 1000s of other subscriptions like Netflix, cable, gyms etc etc.
All that being said, I'd still rather live in this time.
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