Monday, May 22, 2017

Today's middle class is poor by our previous high standards

By the time people retired 50 years ago, they were out of debt. Not today. A school teacher would go to America and be a big shot because he had a lot of money. The cost of living wasn’t as high. Today, it’s changed dramatically. The bar has been lowered dramatically. The middle class today would be poor by the standards of the 1950's. Today, with two people working they would still live paycheck to paycheck. 

By the time they pay for day care, it wouldn’t make any sense for both parents to work. Half of the money goes on taxes. Most women want to be with their kids, especially when they’re young. Today, you don’t even come home from school because you go to after-school as both your parents are working.