In the 1950s, the average man earned enough money to fully support a wife and four kids, all the while saving for retirement and paying off his mortgage. Today the average man can barely support himself. It takes two bread winners in most families to make ends meet, and that is assuming only two children. Even with both parents working, the typical mortgage on the family home will never be paid off and retirement is now a pipe dream. Flush with high pay, low debt, and a strong currency, the Ugly American in the 1950s could vacation in Europe like a king. Now we can now barely afford the gas for a day trip to a Six Flags theme park.
Inflation is a sneaky thief. It sneaks up on you while you sleep and, though you know something is wrong, you do not realize you have been robbed until it is too late.
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