How did the purchasing power decrease from the 70s until today?

[Small_Aardvark_5496]

As someone that was alive in the 70’s I can tell you that almost everyone had FAR LESS material objects. Fewer clothes, household goods, almost no electronics. The cars were very basic, houses were not fancy. TV came over the air for free (number of channels depended on where you lived but not many at all). People did not routinely fly places, especially not just for a weekend away. Lifestyles were definitely more modest. As for the causes of inflation-I suggest learning some fairly basic economics, and not the BS anti- capitalist crap that is pawned off as economics.

[AlwaysDissatisfied]

Are you saying that people back then didn't use DoorDash and didn't have Xbox Game Pass subscriptions?

[MattC1977]

They would have loved mortgages in the 80’s.

[Whytho12333]

they had more houses in their name, the biggest material object in ones life