TL;DR: Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home. Minimum.

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[–] 2 points 2 years ago

Probably always been true

No, it really was true for a long time (as long as you weren't a minority). Wealth disparity has skyrocketed in the last few decades. It's why boomers can't grasp that people just can't afford to live--in their day, anyone who couldn't afford to live was just plain lazy*.

*Wasn't true, but that's a whole other thing.

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