General Discussion
In reply to the discussion: Baby boomers Ruined America: Why Blaming Millennials is Misguided — and Annoying [View all]amandabeech
(9,893 posts)The economy was awful from about 1974 on (I think that the market crashed in '74, together with my parents savings for my college). The inflation, the oil shocks and high interest rates (which were related) really took out the economy in the early '80s. Then there was yet another stock market crash in '87 followed by the savings and loan disaster and the junk bond disaster that was doing on during Bush I.
The one thing that clearly was better for us was the cost of college. My tuition at one of the Big Ten schools was $400-$450 per semester. Now that looks like an absolute steal! I didn't have to take on debt until grad school, and I had $12,000 to pay off, which I was able to do, but sometimes I had to scrape to do it. Tuition is simply ridiculous now, and I hope that something can be done to lessen that load.