Reply to What income is needed to live the american dream

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Part of this isn’t going to be relevant- housing bubble will have to break at some point. After the orange man, we will see the cost of housing and housing materials decrease. Yes, this means less equity, but it also means a better life for the younger people. [/quote]

Unfortunately the tariffs will drive up the cost of living substantially. American's have come to expect cheap goods and our economy depends on it. People want 10 pairs of pants at $40 not 2 pairs at $250 like 100 years ago. It's fiction to think people want to go back to a world where every day items are super expensive but "higher quality and made in the USA". [/quote]
Clothing used to be good quality. Also washing machines used to be more gentle on clothes and they didn’t get worn out so quickly. Fashion used to emphasize more of a classic style so people didn’t feel out of style so quickly.
Those 10 pairs of pants are cheap because they have been sown together by children in a third world country and will also fall apart quickly because the thread that was used for sewing was super cheap.[/quote]

Sure, but that's not what the market wants. The middle class doesn't want to save up their paychecks to buy basic stuff like pants. [/quote]

How do you know? I would much rather buy once and not have to buy for another 5-10 years. [/quote]

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