Earlier quoted context omitted.
When you look at real wages vs cost of living and the trend line is down and showing no signs of ever going back up, the question will I be able to afford the resources to survive and have a family, will my kids be able to afford a home, that's the growing uncertainty.
Here's the actual data broken out for a variety of locations (I see someone else found the whole country): https://fred.stlouisfed.org/release?rid=439 The data don't support the story you are telling, at least not on a 17 year time scale. Most places including LA and New York actually show the opposite. Real wages are rising faster than cost of living in the long term just about everywhere in the US. I understand the…
People point to the 1960s as the "golden age" where everyone could afford everything on a single person working an easy entry-level job. However, that is also a meme, not reality. According to the census bureau median family income in 1960 was $5,600, which is $58,946.59 in Jan 2024 dollars. It's $83,730 in 2024. For individual males, in 1960 it was $4,100 ($43,157.33 Jan 2024 dollars) and $71,090 in 2024.
Sources:
https://www.census.gov/library/publications/1962/demo/p60-03...
https://www.census.gov/library/publications/2025/demo/p60-28...