The median income in 1970 was 10k and the median home value was 17k.
The approx. median income in 2010-2020 50k and the median home value 500k
Elderly folks today's yearly salary payed for 50% of a home, while now it pays for 10%
Meanwhile insurance costs in 1970 were 300 per person while today they are
$11,000 (lol that shocks me)
Now, part of the reason of those high costs is medicare (not that I am against healtcare im just stating a major drain) why is that a drain though? Becasue of the folks from 1970, getting it for free.
And who is paying for that? The millennials, that have to pay 1000% of their income to pay for their homes 10% of their income for their own insurance.
I mean, Im not saying that boomers fucked us... but somebody fucked us.