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This is America. We don't pay $2 an hour. Back in the day we did. Then again $2 was worth closer to $2 that it is now. The best economic times in the U.S. was in the boomer's working years. They could save anything? BS.
Yes they did lose a lot in 2008 and so far their back on track and making even more money. It isn't my fault some fool thought the world was going to end in fire and damn-nation and took their money out.
This isn't rocket science. Life is full of choices. If Joe Blew whi is 65 now didn't save...tough luck.
Are you REALLY this stupid? Seriously? PLEASE tell me you're not that stupid!
What was the hourly wage back in 1965, when "stupid old grandpa" was working his a$$ off at a job you'd not competent enough, or man enough, to do? Here's a hint, junior: Minimum wage was $1.25 per hour, and the average wage was $2.58 per hour. So if "stupid old grandpa" saves half of his income - something YOU are nowhere near man enough to do - how much did he save up? And what if he was one of the tens of thousands of people who had his entire life's savings stolen by (for instance) Enron?
Are you REALLY this stupid? Seriously? PLEASE tell me you're not that stupid!
What was the hourly wage back in 1965, when "stupid old grandpa" was working his a$$ off at a job you'd not competent enough, or man enough, to do? Here's a hint, junior: Minimum wage was $1.25 per hour, and the average wage was $2.58 per hour. So if "stupid old grandpa" saves half of his income - something YOU are nowhere near man enough to do - how much did he save up? And what if he was one of the tens of thousands of people who had his entire life's savings stolen by (for instance) Enron?
Goodbye, child.
It’s relative to what things cost, I’m sure back in the day those wages you posted were not bad.
You keep bringing up Enron. I wonder if you’ve understand that investing common sense says to keep your investments diversified.
Are you REALLY this stupid? Seriously? PLEASE tell me you're not that stupid!
What was the hourly wage back in 1965, when "stupid old grandpa" was working his a$$ off at a job you'd not competent enough, or man enough, to do? Here's a hint, junior: Minimum wage was $1.25 per hour, and the average wage was $2.58 per hour. So if "stupid old grandpa" saves half of his income - something YOU are nowhere near man enough to do - how much did he save up? And what if he was one of the tens of thousands of people who had his entire life's savings stolen by (for instance) Enron?
Goodbye, child.
I work in a warehouse and have various others working plenty of 12-16 hours shifts. G-Pa doesn't have nothing on me. So minimum wage was $1.25....how much was bread or gas. Couple of cents? Minimum wage now is almost $8 bucks. How much is gas....almost half of the minimum wage! Please a $1.25 went a lot farther back then. $1.25 isn't even worth the money it is printed on nowadays.
I agree good bye child.
About the Enron you keep bring up (did you lose money?). Who puts their life savings in 1 company? Ill just put all of my entire life savings and retirement accounts in Apple. Does that make sense. You spread it out. Duh!
I grew up in a community of about 25,000 at the time of the inflationary "spike" of 1966-1978. From time to time, even the local newspaper of that day would not that "a general increase" in the prise of some staple good or service, like a draft beer or a haircut, would increase all over town. In actual fact, the local barbers or tavern owners, or whoever, would agree to raise the price simultaneously.
In theory, of course, this was a blatant violation of the antitrust laws, but the market was far too small for anyone to make a fuss about, and I suspect that a similar mode of thinking applies here.
I fill up with cheap gas in the suburbs of Chicago, yet it still was $4.19 / gal 87 octane. My 99 Civic HX was getting 43 to 50 mpg hwy with A/C on, yet it cost me $4.19 to get home too.
Gas shouldn't be this expensive, - we're getting gouged by oil companies!
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