Despite real wage growth, the consensus on reddit is that the economy was better in the 70s and a family could easily thrive on a single working man's income and build a house. What would such a lifestyle actually look like today? What things are better, which are worse? (I suspect almost only housing?). If you were to live a 1970s lifestyle, how much money would you have left compared to someone back then? A concrete "case study" calculation of the things that people spend money on back then in todays dollars is kinda what I'm looking for instead of abstract real wage statistics.
What would a 1970s single income lifestyle actually look like today?
byu/Responsible-Dig7538 inAskEconomics
Posted by Responsible-Dig7538