Just one lifetime ago in the United States, our grandfathers were able to buy a home, buy a car, have 3-4 children, keep their wife at home, take annual vacations, and then retire… all on one middle-class salary.
Discussion
I literally think about this daily…
It is so messed up…so sad how it’s deteriorating so rapidly.
and often have a second vacation home by a lake or near the beach! WTF.
Think about our kids, at our age. Without Bitcoin, would be awful. They wouldn’t be able to own anything, and forced to work their lives away and never have anything to show for it.
I’m praying that being relatively early to Bitcoin (first buys in 2020…thanks to nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z influence) will be a difference maker for my kids. 🙏🏻
They had many fewer regulations, lower interest rates, no femmie revolution, prudent credit mechinisms, and the war machine was yet at full steam. Just sayin...
I remember when we were young, a family of 5 kids, now my own kids are married with a two salary income, and 2 children having difficulty to meet the end of the month, taxes are just killing the progress of families. Luckily I can invest in Bitcoin, stacking sats for my grandchildren’s future
It was very similar in Europe.
During my lifetime I remember middle and lower income people were doing fine in Austria, well into the 90s. Everyone could afford groceries, needed clothes and doing things for fun too.
Once Austria joined the EU, the regulations started. In 2001 they adopted the Euro and from that point, the cost of living went up from one day to the next. Which is true for every country that joined and especially if they adopted the Euro.
The population wasn't even for it, but we all know they don't care what the population wants.
I remember just buying the food I need without worrying. Now I have to really think hard about what to buy. No more yummy treats, just the bare minimum to eat. Can't even buy new clothes or shoes anymore, because the rent, heat, electricity, internet and food have gone up so much that there's nothing left to save. Heating and electricity have gone up again. Starting January, I will have another 100€ less to live on.
I'm working on getting out of this financial nightmare, but it will be a while.
Rant over.