Reply to Why do people think Boomers had it so good?

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[quote=Anonymous]Look, it's all being able to look through the rearview mirror and then make the determination that Boomers had it good.

However, if you were to magically transport back to 1981, you would never envy the Boomer generation.

The Dow was 9400 in 1965...and it was 2700 in 1982...can you imagine living through 17 years where the stock market collapsed by 71%?  It was a slow-moving trainwreck.  Inflation was also nuts...like over 10% per year.

Now, between 1982 and today the Dow went almost straight shot from 2,700 to 40,000.  All those boomers that just left their accumulated savings in the market made a fortune.

Also, the WSJ just published an article saying that housing affordability today is essentially the same as it was in 1984.  It become significantly more affordable between 1984 - 2015...then zoomed higher to unaffordable through today.

The big differences are that both college and healthcare as a %age of income were way lower back in the day.  You could go to Harvard for literally $650 in 1955...which would only be like $10k in today's dollars.[/quote]

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