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It was a sign when Reagan didn't side with the workers over the employer.Still butt-hurt over firing the air traffic controllers?
Reagan greatly reduced unemployment (continually throughout his term), the US experienced average GDP growth of 3.6% under his eight years, inflation dropped from 12.5% to 4.4%, and he reduced taxes on the Middle Class while an additional six million poor people no longer had to pay any taxes due to the increase in exemptions, deductions and earned income credit. He left office with a 68% approval rating.
Middle class should be a 4 bedroom 2 stall garage with 2 new vehicles, not a small house with an old used car.If the average income needed to buy a house is $76k, and the average salary is $67k, would it be so terrible for the non-working spouse to work a part-time job while her kids are in school?
i can see raising young children as a full-time job when they are pre-schoolers, but once they are in elementary school and are out oc the house until 3 pm, it doesn’t seem too much to ask for the wife (it would usually be the wife) go get a part-time job so that the family could buy a house?
True, when I was a kid, the father usually earned enough for a house, but that was a modest, 1100 sf place with 1 bathroom and a driveway. And that was considered middle class. Now, middle class is a 4-bedroom, 3-bathroom with a 2-car garage.
So….as our standards as to what defines middle class have increased, the need for both partners to work has become necessary - at least one part-time.
Well, that there is the problem - the escalating lifestyle now interpreted as middle class.Middle class should be a 4 bedroom 2 stall garage with 2 new vehicles, not a small house with an old used car.