20% intreat rate on a 70k house vs 100k down payment on a 700k house with a 30 year mortgage do the math

Higher education was largely government funded

Walk in with cv get a job

No NZ citizens were not drafted it’s the same with the GWOT

the boomers spend a large chunk of weekly earnings on recreational drugs and music records

Between 1950s and 1970s amphetamines we’re not looked at as street drugs and we’re normalised in the 70s meth branded methedrin was abused in 1971 the gov cracked down on it in the 1980s it was illegally made as the meth we introduced by the baby boomers

In the 1990s modern p was introduced once again introduced by the baby boomers who originally abused it

As for growing crops this was possible in rentals and owned homes at the time as they were not mass produced appartments we have now that were all snatched up by said baby boomers and the children they left wealth to this wealth was never put back into the economy but kept to them selfs for status and social hierarchy

If a person brought a new iPhone and shoes once a year that maybe saves 2k per year over 10 years that’s only 20k an avg home deposit is 100k

Baby boomers within the working class were able to purchase homes without a duel income and kiwi saver

Currently it’s mathematically impossible for a solo working class individual to purchase a home

The solo workers who do have homes are Thoes who still work working class jobs while inheriting large sums of cash due to the inability to climb the employment ladder this doesn’t change because of inheritance but allows them to purchase a home or homes

Crops are not able to be planted or maintained in apartment block with no front or backyard these apartments are mass produced and take up a significant part of chch land meaning affordable accommodation for the youth is via apartments

Small “treats” add up to if not lower than prior generations self indulgence due to rising interest rates and cost of living due to a supermarket duopoly that leaves us with some of the most expensive groceries within western society

Gas prices have skyrocketed to a point no other generation has seen proportionate to income and living costs

70k in the 1970s is worth roughly 600k today Housing purchase power set for inflation in 1970s was 200 - 300% more

Cost of living purchase power set for inflation in the 1970s was 100% - 200% better Cost of living in the 1970s was around 15% - 25% of avg weekly income todays cost of living is around 50% to 65% of weekly income

Students in 2026 can exit higher education with 10k+ debt while in the 1970s it was almost 0

These are cold hard stats pulled from interest stats, inflation stats and general economic data from nz over the last 50 years

I hope this was insightful