Print 47 comment(s) - last by Ammohunt.. on Apr 29 at 3:33 PM
Comments     Threshold   RE: $ By Kurz on 4/26/2010 10:48:57 AM
, Rating: 2 >.> inflation is a major cause. The dollar lost 97%
of its value since the inception of the Federal Reserve.  Just
because you made .10 an hour doesn't mean you are poor. You have
to look at the difference between the costs.  In New York many
people makes 6 figures. They still have trouble making rent and
mortage since the costs are so high in that city.  RE: $ By
JediJeb on 4/26/2010 2:37:25 PM , Rating: 2 Exactly! In 1972 my
father made $8k per year and we had a house, he paid cash for a
new car ( only cost $3k), plenty of food, TV, Phone,
Electricity, Water, Heating and many other things, enough to be
considered lower middle class. Even with those conditions by
1980 he had $40k in the bank in savings. Now days how much would
you need to make to be making yearly over twice as much as a new
car would cost? To save $40k in eight years? And to live
comfortably?