Average Weekly Wages
1973: $873
2022: $813
Median Home
1973: $30,200
2022: $433,100
Monthly Rent
1973: $108
2022: $2,002
Tuition and Fees at University of California
1973: $150
2022: $13,104
Boomer: But why can't the slackers pay for college & pay off their loans like we did?
The average rent in the US hit a new record high of $1,827 last month. On the federal minimum wage of $7.25 people take home $1256 a month. People aren't exaggerating when they say it's becoming unlivable here.
Russians can no longer pay for Netflix and Spotify with their bank cards, they also can no longer use Apple pay or Google pay. Before we get rid of cash and go fully down this path, it's worth thinking both about the fragility of the system, and who can turn it off and on.