Excellent!-----The 'Boomers Had It Easy' Myth vs. the Data | Rothman Report

‘One Income Bought a House, a Car and College’? The Data Says the Good Old Days Weren’t - By M.A. Rothman
The short version

A viral meme says one income once bought a house, a car and college; John Stossel and economist Norbert Michel say the data shows otherwise.

• Homeownership is higher than in 1965, new homes are about 40% larger than in 1973, and food and clothing now take 15.5% of household spending versus about 35% in 1960-61.
• Cars last more than twice as long, real airfares fell 41% from 1979 to 2016, unemployment is 4.1%, and Gen Z out-earns boomers at the same age.

You’ve probably seen the meme.

Once upon a time, it says, a family could own a home, a car and send the kids to college, all on one income, while today’s young people can’t get ahead no matter how hard they work.

 It pulls millions of views, and plenty of politicians repeat it.