Quote:
Originally Posted by kane
It wasn't too long ago that the average guy making the average wage could afford the average house and car, he could support his wife and kids, take a vacation every year and still have money left for his kids college funds and his retirement. Those days are gone...
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I was just telling someone that last night.
When I was a kid (20-25 years ago), we had a family of four with a single earner clearing about $550/wk. (he sometimes took on bigger out-of-state projects that netted him more). We had a nice townhouse, nice furnishings, ate out once or twice a week, two new cars, a modest boat, nice vacations, etc. All without any debt other than on the house (mortgage was like $400/mo.) and a note with a good interest rate on one of the vehicles. If they even had a credit card ... I never saw one ... it was used for emergencies only.