TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.
No, it really was true for a long time (as long as you weren’t a minority). Wealth disparity has skyrocketed in the last few decades. It’s why boomers can’t grasp that people just can’t afford to live–in their day, anyone who couldn’t afford to live was just plain lazy*.
*Wasn’t true, but that’s a whole other thing.