Loading ...re “everyone was doing well”
Maybe I didn’t say it right. I didn’t mean EVERYONE was doing well. What I meant was in GENERAL the living standards in the USA were high after the war, until until ’75, and down the country went in general. Not EVERYONE went down. Retail got good, (until recently) with cheap imports to sell. Cops salaries are still middle class at $175K here where I live.
re “second post you recognize that many people were hurt.”
Yes two different eras. ” One good one bad as a whole. 1945 to 1975 generally good for most people and businesses, but not all.
1975 to 2008, generally bad for many but not all. There are many people after doing better these days, plenty of money to spend, because they are living FREE in their homes. The real estate crash in 2008 created millions of defaults. TPTB gave or promoted, no doc liar loans.
Remember gold de-peg 1971, .25 cents per gallon gas. Gas lines ’73 ’75 etc, gasoline 5 times more $1.30/gal. Interest rates 6% in ’71, by ’81? 18% mtg rate. Crash in ’87. On and on and on.