[roadcat]

$50,000 doesn’t go so far these days, compared to decades past. In the 1960’s, men making from $5,000 to $10,000 were raising large families of 5 to 8 kids with the wives staying home. Now it’s tough to raise 1 or 2 kids on $50,000 or more with both parents working. The numbers say more, but the costs of living are far higher. It’s wrong to keep raising the tax burden on producers while lazy takers contribute nothing.

[Olog-hai]

I had a look at the BLS inflation calculator just to compare figures; I started with 1965, and $5,000 back then turns into $36,543.02 in 2012 dollars while $10,000 becomes $73,086.03. Amazing what was affordable back then in terms of real wages, and no thanks to commie unions.

[AllAmericanGirl44]

So true. My Dad made 5800.00 in 1958 with 4 kids at home and a wife who did not work. How was he able to do it?!

We did not live in squalor, had food, clothes, shelter.