this post was submitted on 25 Aug 2025
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The 80s were already the second decade of the decline after the gold standard was revoked in 1971 and wages became decoupled from productivity. Everything was on a slowly accelerating slide downhill from there, although it took until the 90s for the first people to truly notice things were going sideways.
You want a real economic golden era? Try the 50s and the 60s, where a single wage earner could work a low-end service-level job (selling shoes, for example), and make enough to own a detached SFH, a car in the garage, support a SAH spouse and several children, go on modest vacations every year with at least one more ambitious one every few years, and still have enough left over to save generously for retirement.
I think you may be missing the word ‘white’ somewhere in your analysis
Married with children isn't a fib