Earlier quoted context omitted.
No. Because the things that cost significant amounts of money aren't computers, phones, and tvs (notice that poor people have these). It's the minimum bar to be a player in society that has been raised. 1960s - could have a good career without college education and it was inexpensive - can afford a house - can often not have a car 2020s - need bachelors degree to get started, probably also need a professional degree…
What is it then, that is so super expensive today, that wasn't too expensive in the 60s? also it is a strawman to mention the poor people has it. the hierarchy of what you spend money on is not settled in a hiatorical occurance of said product. you don't buy a watch before a phone because it was invented first. also, it is completely irrelevant. my proposition is that if you fix your comforts at the 60s level then yo…
- Education. Include how much education you need and prep (duration increases costs and reduces wages).
- Insurance,
- Health care
- Transportation (gas, cost of vehicles, average commutes).
- Professional services (accounting, law, etc).
- Housing
The point is in 1960 you could be a normal member of society with no health insurance, a high school diploma, one car for your family, and 1000 square foot house downtown.
That game plan is no longer viable.