this post was submitted on 06 Aug 2023

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coziness is all I’ve ever wanted (i.imgur.com)

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[–] Dagwood222@lemm.ee 8 points 1 year ago

Always keep this simple fact in mind.

In 1960, minimum wage was $1.00/hour and the average US home was $11,000.00. $1 million was a vast fortune.

When ronald Reagan took office, 'middle class' was still defined as one job supporting a family of four.

By the time George HW Bush had finished his term, middle class was two jobs to keep the family going. And $1 million was what a rich guy paid for a party.