Like I wrote. In 1970, a good Union job could support a family of four with plenty of luxuries. A high school graduate could be instantly self supporting with a minimum wage job paying for a one bedroom apartment and a car. By you chart the years to pay off the debt went up about 75% from 1923 to 1973 and more than doubled from 1973 to 2013.
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Of course some things have improved in fifty years. But technology isn’t tied to inflation.
In fact technology should have made things much cheaper. In 1970, prople expected to be able to afford the same life style working fewer hours.
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Like I wrote. In 1970, a good Union job could support a family of four with plenty of luxuries. A high school graduate could be instantly self supporting with a minimum wage job paying for a one bedroom apartment and a car. By you chart the years to pay off the debt went up about 75% from 1923 to 1973 and more than doubled from 1973 to 2013.