Post AcHfTvDWoCBoxToz8y by PadreSJ@twit.social
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 (DIR) Post #AcHfTvDWoCBoxToz8y by PadreSJ@twit.social
       2023-11-28T21:41:38Z
       
       0 likes, 2 repeats
       
       Data Points:Federal Minimum Wage1970 - $1.452023 - $7.25Median Home Price (US)1970 - $23k2023 - $431kIn 1970, the down payment on a home (15% or $3,450) would take ~3,000 hours (after tax) or 1-1/2 years at FMW (40 hours a week).In 2023, it would take ~10,790 FMW hours (after tax), or 5 years 3 months AND you'd never be able to afford the payments....This is a good thing to remember when the older generations mock the younger for not building wealth as they did.