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Everyone is much more prosperous now than 50 years ago?
In the US? Yes. Absolutely.
I presume you don't live in the US because lol. Living is more expensive than ever before in history but shit like phones and TVs cheap yay?
50 years ago was 1975. Inflation, depend on the month was between 6.9% and 11.8%. (https://cpiinflationcalculator.com/1975-cpi-inflation-united-states/)
A random comparison of costs. (https://www.amerititle.com/2025/02/1975-vs-2025-traveling-back-in-time-to-compare-costs/) Mortgage rates are down from 1975 levels. Another random site (http://www.1970sflashback.com/1975/ECONOMY.asp)
Is everyone better off? No, Homeless people in both years had a hard life.
Does any of this invalidate what you said? Nope. This is for other people.
What happened was everything went up 10x in price.
Everyone is much more prosperous now than 50 years ago?
In the US? Yes. Absolutely.
I presume you don't live in the US because lol. Living is more expensive than ever before in history but shit like phones and TVs cheap yay?
50 years ago was 1975. Inflation, depend on the month was between 6.9% and 11.8%. (https://cpiinflationcalculator.com/1975-cpi-inflation-united-states/)
A random comparison of costs. (https://www.amerititle.com/2025/02/1975-vs-2025-traveling-back-in-time-to-compare-costs/) Mortgage rates are down from 1975 levels. Another random site (http://www.1970sflashback.com/1975/ECONOMY.asp)
Is everyone better off? No, Homeless people in both years had a hard life.
Does any of this invalidate what you said? Nope. This is for other people.
What happened was everything went up 10x in price.