While Gen Zers and millennials are perceived as having a hard time meeting financial milestones, "glimmers of optimism" stand out, according to a new report.
Before Nixon took office, ‘middle class’ was one job supporting a family of four. That’s with a house, a car, and money to send the kids to college. In those days, $1 million was a giant fortune. By the time Bush Sr. left office ‘middle class’ was two incomes to support the family and $1 million was what a rich guy paid for a party.
I say this all the time.
Before Nixon took office, ‘middle class’ was one job supporting a family of four. That’s with a house, a car, and money to send the kids to college. In those days, $1 million was a giant fortune. By the time Bush Sr. left office ‘middle class’ was two incomes to support the family and $1 million was what a rich guy paid for a party.