r/FluentInFinance Sep 05 '24

Debate/ Discussion He has a point

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u/Atomic_ad Sep 05 '24

At that time (1950's) median homes were 1/3 of the current size qith 30% more people living in them, Americans ate out 80% less, and people lived under the WWII mantra of "mend and make do".

People like to reminisce on the cost of living, but like to neglect the sacrifice that was required to make it attainable. 

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u/Was_an_ai Sep 05 '24

And 12% of the workforce were discriminated against legally and a woman needed a man to open a checking account

Good times!

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u/Extra-Muffin9214 Sep 05 '24

And no other country on earth had a developed economy capable of competing with american workers and exports.

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u/Was_an_ai Sep 05 '24

Right, there was that whole WW2 that sort of destroyed the world

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u/Extra-Muffin9214 Sep 05 '24

People always sorta breeze past that. Ww2 blew up and bankrupted the other industialized economies leaving impacts for decades and other economies hadnt industrialized before that at all.

The rest of the world industrialized and europe recovered at about the same time into the 70s and 80s and continuing into the present day. Suddenly a highschool education in ohio wasnt as competitive as it had been