Reply to Was there ever a time when your average nine to fiver could afford the American Dream?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Of course. My ILs raised 6 kids in a medium sized town in the upper Midwest- FIL was a public school teacher, MIL worked PT (secretarial jobs) once all the kids were in school. Had a large but modest home on a piece of land, and 2 cars, lived frugally otherwise. Put all 6 kids through college- 4 did undergrad at the local state university and 2 chose the local community college instead (all lived at home while attending). Kids worked PT once teens if they wanted a car or expensive clothes etc. FIL retired at 58 with a full pension, MIL worked until 68 by choice (enjoyed her work after being home for so many years). As for timeframe, their 6 kids were all born in the 70s. [/quote]This story could happen today[/quote]

No- not with current healthcare and college costs. [/quote]

My daughter graduated college few years ago, went on full merits scholarship, engineering degree from top school. Was able to purchase the house for herself on her own salary without our help (starting salary was 6 digits), interest rate under 3%. Totally doable on one salary today.[/quote]

So no student loans, no dependents, good salary and low interest rate (less than half of what it is today). Not quite “doable” by “todays” standards.[/quote]

She did not vote for today's standards, the low rates and plenty of jobs was during Trump's presidency. Today kids will have a choice to vote in November if they want jobs and house. [/quote]

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