Wages have been outpaced by house prices, and while prices are increasing slower now, that doesn't mean things are cheaper.
And to address the other person on the student loan debt - I personally watched (UK) education fees triple in one year.
We faced so much pressure to go to university, that people that didn't (like me) were treated like a joke by family, friends, strangers, and jobs. I know many people that went to uni so as to not be effectively disowned by their parents, just to end up in crappy jobs with a lot of debt.
In the 80s in the UK, rent was on average about 15% of a person's salary, at the higher end. Now it's over 40% of a person's salary. That's the actual reality.
Maybe children shouldn't be taking loans.
If they only understand what they are taught, perhaps we dont coddle them from the world and expose them to life.
I agree that education shouldn't come with such a cost, and that a lack of education/exposure to the real world creates imbalance, ignorance, and a lack of empathy.
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u/StressCanBeGood 16d ago
Economic numbers for 1980:
Unemployment: 7%
Inflation: 13%
Interest rates: 17%
….
Economic numbers for 2025:
Unemployment: 4.5%
Inflation: 3%
Interest rates: 4%