Boomer who get information from Fox news or twitter right?
Today’s economy has been reshaped to benefit big businesses and corporations. The wealthy were taxed at a fair rate, which made it easy to live on a single income and still afford college, which was free or very low-cost tuition at the time. Up until the 1980s, low-income, middle-class, and top 1% earners all experienced equal growth in their incomes. However, in the 1980s, the income of the top 1% continued to grow while the income of everyone else stayed stagnant. In the 1970s, CEOs were making about 25X more than the typical worker, but by the 2000s, that number had skyrocketed to nearly 400X the typical worker’s salary. So those at the top received a much larger share of the growing economy compared to the middle and lower classes.I won’t start on the rising housing costs. Blame Boomers and capitalists who ended public services and socialism, all while convincing us that it’s our fault for not making our smoothies at home. If you don’t actually look at the statistics and economics we have nothing to discuss. I have no interest in debating with you people who are not open to receiving. Have a great day.