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You have 100 dollars in the bank now, no college degree, and make 10 dollars an hour in Sunnyvale.
Which would you chose? What would you do in said positions?
$74k and 18 own a home in 1957, but not in Belmont or some overpriced area. I'm a millennial and think my generation is a joke.
Life has never been easier than today. I would choose today over 2000, 2000 over 1990, 1990 over 1980, 1980 over 1970, 1970 over 1960, 1960 over 1950, 1950 over 1940...
Disagree, I'd choose the 1990s > 2010s, 2000s > 2010s and 1980s > 1990s. This decade has been the worst compared to the others.
If I worked in a sandwich shop right now, it wouldn't be too long before I had $74,000 and owned a house. Not in Belmont, because I don't want to live in Belmont, but I'd have a house and maybe a couple more of them for rentals.
..... .
Wow. Impressive. I'm assuming you live with your parents or otherwise have a very low COL in a very low COL area.
Where I live, even just renting a studio, with no cable no car and a flip phone, it would take many years, if not decades, to save 74k.
Location: MA/ME (the way life should not be / the way it should be)
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1957, if i dont know about the internet its not an issue, if i remember it i will invent it and make trillions, i would "invent" windows, the internet, mac, ect..
How would an 18 year old have $74,000 and own a house, even in 1957? I was born in 1957 and my parents were well over 18 and they didn't own a house or have $74,000.
But wealth is not going to get you to the standard of living enjoyed today. A sandwich shop worker has a higher standard of living than a rich person in 57. AC, color TV, etc etc.
Technology was primitive, yes. Phones had rotary dials and it the Princess phone was a major advance. It was lighted! But in other ways workers in the 50s had it better.
Wasn't aware sandwich shop worker was so lucrative
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