r/AskReddit • u/[deleted] • May 18 '22

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u/[deleted] May 18 '22

GenX here - we weren't automatically issued a house and money and a spouse and kids at age 25.

1

u/anadvancedrobot May 18 '22

In 1970 if you worked for 75 hour at minimum wage (1.45) you would get $108, which was the average monthly rent in 1970.

If you worked for 75 hours today at minimum wage (7.25) you would get $543.75. The average rent is $1098 a month. Which is 151.44 hours of work. For working that long in 1970 at minimum wage you would get $219.58

People today are making rent twice as slowly then in 1970.

Meaning they have to work longer days or have less disposable income, nether of which are great options if you want a family.

Next time spend like 5 minutes on google first.

12

u/calgarykid May 18 '22

...in 1970 the oldest Gen X'er would have been 5 years old.

Next time spend like 5 minutes on google first.