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progree

(13,049 posts)

17. "along with service on mounting debt incurred to compensate for falling purchasing power."

Reply to Warpy (Reply #11)

Wed Feb 12, 2020, 04:15 AM

Feb 2020

As for the mounting debt ... a lot of that is upgraded lifestyle:

I don't remember almost everyone in the 1970's having a home computer plus a mobile phone plus a mobile computer (their smartphone).

Nor having TV with 500 channels. Back in the 1970's my choices were ABC, NBC, CBS, and "education TV", a far cry from PBS today.

Nor were more than half the cars SUVs and 4-door pickup trucks in the 1970s.

I already mentioned the 60% increase in average house size with 16% lower average household size.

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Highlight:

U.S. Household Debt Exceeds $14 Trillion for the First Time [View all] ffr Feb 2020 OP

But the US media regularly speaks of the booming economy. guillaumeb Feb 2020 #1

Only $14 Trillion? Come on America, we can dig a little deeper NCjack Feb 2020 #2

Here's some more: the federal government's debt, $23.256 Trillion progree Feb 2020 #6

There's two economies being run simultaneously in this nation... EarthFirst Feb 2020 #3

well, the "economy" is doing well handmade34 Feb 2020 #5

The Trump economy at work. SergeStorms Feb 2020 #4

Wages are finally rising as the labor market tightens further - MSM meme progree Feb 2020 #7

The hilarious part is that Republicans expect all this debt to be paid off Warpy Feb 2020 #8

"but whose purchasing power has been falling year over year for decades." progree Feb 2020 #10

Yes, I live to do research for people Warpy Feb 2020 #11

Where did you get that CPI excludes healthcare? progree Feb 2020 #12

Before the double digit interest rates late in the 70s Warpy Feb 2020 #14

Health care in the CPI is more than just the insurance premium progree Feb 2020 #15

Interest rates are less than half of what they were in mid 70's progree Feb 2020 #16

Pew research -- "have barely budged for decades" -- progree Feb 2020 #13

"along with service on mounting debt incurred to compensate for falling purchasing power." progree Feb 2020 #17

Thank you for posting about average house size. Most of the time people leave it out raccoon Feb 2020 #18

Thanks, Trump. llmart Feb 2020 #9