Originally Posted by teomaxxx

" ....the reality is back in the 1950s a guy had a job, he can support a wife and a large family ? maybe 4 or 5 kids; his wife didn?t have to work; his kids all went to college and none of them had to borrow money; and he saved for his retirement ? and he did all that on a middle-class income and a high school education, if that. Today, you need two paychecks to support a family, both of them need to have gone to college, and they can maybe have one or two kids and that?s it. Beyond that, they can?t even afford it ? and they still have no savings. With all this booming prosperity how can it be that a middle-class family is so much worse off today than they were in 1950 ?"

from:
http://www.financialsense.com