1970 > average yearly wage: $9,870 > average house price: $17,000 > house cost about 1.72 times your annual (single income) salary. 2024 > average us yearly wage: $44,490 > average house price: $412k > house cost about 10 times your annual (single income) salary. then factor in increased taxes, insurance, car cost, food prices, utilities, education, etc could you imagine how fucking easy life would be if you were able to buy a home in cash after 2 years of savings? > average yearly wage: $9,870 > average house price: $17,000 this is fucking insane, just by saving 30% of you paycheck (without investing btw) and you could buy a house cash in only 5 years. meanwhile, i have little less than double the average yearly wage of canada, and saving 50% to 55% of my paychecks for 5 years and i'm still fucking short for a down payment on a starter home.   fuck you boomer. literally wont make a difference in the grand scheme. wages and cost of life are so far skewed thats its literally over. no amount of saving will get out ahead of you make less than 60k a year.  > but you should get education and pay raise not possible for vast majority of the average man. it never used to be like this idiot, and its not supposed to
United States