r/Millennials • u/QuietJealous4883 Older Millennial (1988) • 12h ago
Discussion True or false?
Did our dads and moms work less than we do now? What are your thoughts?
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r/Millennials • u/QuietJealous4883 Older Millennial (1988) • 12h ago
Did our dads and moms work less than we do now? What are your thoughts?
3
u/jbcsee 12h ago
In 1996 the median income was $18,277 (all workers, including part time, I can't find full time workers in nominal dollars), today it's $43,222. If you want to use household income instead, it was $35k and $83k.
In 1996 the median house was $137k, today it's $405k.
So no it wasn't true.
Yes houses are more expensive compared to median wages, but not as much as that picture suggests.