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... today a dual income family barely makes ends meet while in the 1950s a single income allowed people to own their house outright and have a vacation home.
That's dual income, college educated, professionals in most case. Yes, I believe the majority of the parents I have been meeting on return to school are exactly in this boat. Amazing. I am such an anomaly : single income family and a home owner.
I didn't do that off my salary either. I just got stupid lucky in tech (stocks). The new college hires today I don't think have a prayer to have something similar happen to them.
Edit: Loagn's convinced we are all going to be mega rich selling each other coffee and Chinese food though.
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#economics