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Politics : Ask Michael Burke
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To: Broken_Clock who wrote (62217)6/13/1999 9:15:00 AM
From: JDN  Read Replies (3) of 132070
 
Dear Fruit: Look at the difference. In 1960, you needed 25 paychecks, but now
you need more than 120. Similarly, the cost of buying a house
went from 400 paychecks in 1960 to more than 840 today. Which
means that, for a house, the same paycheck buys less than half
of what it used to. You heard that your living standard is going
up? Your paycheck is buying less. That's what's happening with
people's living standa

Are you old enough to remember what a 1960's house looked like and the appliances it had as well as furnishings compared to a 1990's house?? Same is true of Autos, and nearly everything else. I can remember when 1,000sf was huge now its considered SUBSTANDARD . You can manipulate figures to show anything, but I suggest that anyone paying any attention consider if they would like to go back to the 60's. JDN
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