Loading ...Think about real estate and rental costs too. New car prices? In the 1960s some people paid cash on delivery, the entry level people like me needed three year loans to buy the new car. Today? Entry level can’t afford new cars at all. Unless maybe a 6 year loan or a leased car and after three years, they give it back so the dealer can make even more money.
I’m optimistic for the entry level common mans future, simply because things go so bad for them. And the US Gov’t and global economy, or rather other nations, NEED very profitable Domestic businesses to supply a well paid massive middle class, to pay taxes and buy imported consumer products. If entry level values go up, all other wages will also go up re pecking order. Low entry holds down all others wages.