• @[email protected]
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    fedilink
    156 months ago

    Up until Reaganomics hit, ‘Middle Class’ was defined as one Union job supporting a family of four. In 1980, $1 million was still considered a vast fortune. By the time Bush Sr. left office, middle class was two jobs to keep the house going, and $1 million was what a rich guy paid for a party.

    • @Hikermick
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      -16 months ago

      I was an adult in the mid 80’s. I was there

      • @[email protected]
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        fedilink
        156 months ago

        So you remember that American housewives started looking for jobs in big numbers after the Oil Crisis of 1972. Before that, only the poorest people needed two jobs.