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Reply to "For those 45+, how good were the 1990s, actually?"
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[quote=Anonymous]I'm 64 and got married in 1996 at 35 years old. We spent about $6,000 on our wedding at a restaurant, with 80 guests in attendance. Shortly after that, DH and I bought our first house in Woodside Park in Silver Spring for $240,000. At the time I was making $93,000 a year (lawyer), and DH (teacher) was making $60,000 a year. We didn't have much of a down payment so had to get PMI, but paying the mortgage was easy. It's paid off now and our house is worth about $1.2 million according to Zillow. In 1997 we had our first child and paid $125 a week for home-based daycare. It was much easier to get to get a house and afford children at that time. Our two children are now 28 and 25 and it is much harder for them in pretty much every way. We do our best to give them as much of a financial boost as we can. [/quote]
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