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Re:The real use of money is to buy freedom by gress on Tuesday December 24, 2013 @11:56AM (#6960100)
A 1950's upper middle class lifestyle involved owning a relatively large house, and sane working hours with in many cases only one wage earner.

It's simply false that you can live this way today on the same dollar amount.

Re:The real use of money is to buy freedom by refurb on Tuesday December 24, 2013 @12:40PM (#6960265)
Actually houses have gotten significantly larger since the 1950s.
Re:The real use of money is to buy freedom by gress on Tuesday December 24, 2013 @12:42PM (#6960276)
Houses affordable by single wage earning families? I think not.
Re:The real use of money is to buy freedom by refurb on Tuesday December 24, 2013 @02:06PM (#6960660)
Bingo! People talk about single wage earnings supporting a family and owning a house. Keep in mind that house was likely small by today's standards.

I don't think it's reasonable to complain that you can't sustain a family and a house that is 1.5x what they were in the 1950s, on a single income.

Re:The real use of money is to buy freedom by collyw on Wednesday December 25, 2013 @05:57AM (#6962784)
In the UK and much of Europe houses are not any bigger.
Re:The real use of money is to buy freedom by malandrew on Tuesday December 24, 2013 @12:24PM (#6960199)
Even in among the lower middle class lifestyles, you'd have exactly the same minus the "relatively large house".

However, if you go back 50 years earlier, the lower class lifestyle was not that different from the favella living in slums around the world, where entire families lived in one or two rooms and everyone in the family who was able was responsible for contributing to making ends meet.

Re:The real use of money is to buy freedom by akgerber on Tuesday December 24, 2013 @12:46PM (#6960296)
The lower middle classes can't afford a house/apartment in places with laws that make it difficult to build new houses or apartments, including many places with lots of tech jobs. But in rural areas, or many Midwestern cities, or much of the Sunbelt, a house is still very much within reach. But many of the most productive regions of the country are zoned such that very little new housing is built, and rising incomes for some just mean more competition for existing housing.
Re:The real use of money is to buy freedom by gress on Tuesday December 24, 2013 @01:03PM (#6960369)
Of course houses are cheap in places with no jobs.
Re:The real use of money is to buy freedom by dllthomas on Tuesday December 24, 2013 @02:12PM (#6960682)
A basic income would help jobs follow people.
Re:The real use of money is to buy freedom by malandrew on Wednesday December 25, 2013 @08:05AM (#6962924)
I've never seen this argument for a basic income, but it's a super interesting one to think about.
Re:The real use of money is to buy freedom by gress on Tuesday December 24, 2013 @12:36PM (#6960249)
The lower middle classes can't own any house at all with just one wage earner.

Your second point (which I agree with) seems to imply that the US standard of living peaked in the 50's

Re:The real use of money is to buy freedom by bmelton on Tuesday December 24, 2013 @01:04PM (#6960375)
> The lower middle classes can't own any house at all with just one wage earner.

The lower bound on lower middle class is, according to Wikipedia, $32,500. There are plenty of houses available for purchase in the $60,000 range, which is well inside of affordability ranges.

There are a plethora of rural homes available within those ranges, but that level of income isn't necessarily exclusionary to city dwelling either. Dallas, San Antonio, Cleveland, Cincinnati, St. Louis, Tampa, etc., are all very affordable, and at least according to MSN[1], has homes available for less than the lower bound on lower middle class.

[1] - http://realestate.msn.com/what-you-must-earn-to-buy-a-home-i...

Re:The real use of money is to buy freedom by gress on Tuesday December 24, 2013 @01:07PM (#6960394)
Are there plenty of jobs near those cheap houses?
Re:The real use of money is to buy freedom by bmelton on Tuesday December 24, 2013 @01:16PM (#6960448)
In Cincinnati, Tampa, etc., one would have to assume so. Regardless, that wasn't the point -- the point was that

> The lower middle classes can't own any house at all with just one wage earner

is not a true statement. If you'd like to qualify it further, feel free. I suspect I'd have to research more to answer, and I don't necessarily disagree with the sentiment you're suggesting, but presenting falsities as facts doesn't do any argument any particular good.

Re:The real use of money is to buy freedom by bmelton on Tuesday December 24, 2013 @12:53PM (#6960330)
Well, definitions have changed, completely. The average home size in 1950 was ~1000 square feet, while the average home size in 2004 is ~2400 square feet.

Similarly, the 'sane working hours' you mention, generally speaking, were 48 hours a week or more. In the 'upper' middle class, more hours were spent at the office as well. Today, the average worker works ~37 hours.

Assuming job accessibility (which I have no idea if there's a guarantee of or not), and more reasonable home purchasing, I think it's not "simply false" that one can live the same way as they did in the 50s on the equivalent working wage, one simply has to make more apt comparisons to see that the goal posts have shifted.

The average 1950s family only owned one car, while the average family of today owns more than one (likely, to support the second job). If each of us bought houses half the size of what we're currently buying, and half the cars, we'd likely be in greater parity with our 1950s brethren. Also, they had to pay less than half of what we did for college, and they also likely didn't borrow in order to afford it, which factors in even further in measuring debt load.

Anyway, I think your comparison is somewhat rose-colored.

Re:The real use of money is to buy freedom by catonthe on Tuesday December 24, 2013 @05:00PM (#6961285)
> The average 1950s family only owned one car, while the average family of today owns more than one (likely, to support the second job)

Actually, it's an even greater difference than that. The median household income in 1955 was about $4k, while today it's about $50k. In 1955 the cheapest Ford cost about $2k, or half the median household income, whereas today the cheapest Honda costs about $16k, or a little less than a third of median household income.

If we just leave it at that, it sounds like things are about the same. However, the cheapest Honda today comes with airbags, air conditioning, power windows and locks, an FM radio, and a whole host of other features that were luxuries reserved for the most expensive cars (if they were even available at all). On top of that, my (and others') experience with modern Hondas is that they can easily go for 200k miles without major repairs or tune-ups, whereas 100k miles was considered a major achievement for a Ford of that era. Realistically, this difference in longevity alone means that a car from the 1950's cost about three times as many working hours as a car of today.

Re:The real use of money is to buy freedom by vkou on Tuesday December 24, 2013 @05:08PM (#6961309)
The average worker works 37 hours these days, because of a big shift to part-time no-benefits jobs. So, you've got people working 30 hours to make ends meet, and you've got people working 50 because 'that's what's expected if you want to go anywhere.'
Re:The real use of money is to buy freedom by bmelton on Tuesday December 24, 2013 @05:26PM (#6961353)
To be fair, I probably misstated. The average of working hours is ~37, which doesn't necessarily mean that the average worker works that at all. It could be the averages are between 40 hour weeks and 20 hour weeks, and that's where it falls. Honestly, I don't know, nor was I attempting to ascribe motivation to the numbers, except to point out that stated premise was factually incorrect -- workers in the 50s did not work fewer hours, nor did they have larger houses.
Re:The real use of money is to buy freedom by gress on Tuesday December 24, 2013 @01:06PM (#6960385)
I think you're actually proving my point - a second car isn't an indicator of marvelous bounty. It's a liability required to support a necessary second job and higher debt load.
Re:The real use of money is to buy freedom by bmelton on Tuesday December 24, 2013 @01:13PM (#6960427)
It probably says more about the courting culture and independence in America than anything else. I suspect (but have zero proof or support for) that fewer marriages are formed from high school sweethearts than was the case in the 50s, which means that many relationships start with 2 cars vs 1.

Beyond that, cars were still a relative novelty in the 50s, and ownership was more sparse. I'd have to research to see, percentage-wise, what the cost equated to. It's possible that their rarity meant that purchasing one car was equivalent to purchasing two, in today's age, but again, I don't have figures on that.

And, of course, I think you're dramatically underestimating the role of gender equality on the work force. Women work, many times because they choose to, not necessarily because they have to.

Regardless, the point you made simply isn't supportable by the raw facts that you presented, nor were necessarily the facts that you presented even factual. I don't disagree necessarily that the upper middle class of today is disadvantaged relative to the upper middle class of the 50s, but if that's the case, it's not because they worked less hours or owned larger homes.

Re:The real use of money is to buy freedom by gress on Tuesday December 24, 2013 @01:17PM (#6960452)
That may be true. I think the more general point (which you seem to agree with) is that touting simplistic indicators and claiming that people are better off today, is inconclusive and by no means the 'given truth' that many here assert.
Re:The real use of money is to buy freedom by bmelton on Tuesday December 24, 2013 @01:26PM (#6960478)
Yeah, I really don't know, to be honest. It depends, I'm sure, on which indicators one measures against.

I think in some ways, even the poor are better off. In some ways, even the wealthy are probably worse off. I agree that any notion of "We're all {better|worse} off than 1950" is naive without a greater degree of specificity. It's equivalent to saying that football was "better" in the 50s. How? Certainly not in player safety. Certainly not economically. In pure terms of game play, what metrics? Certainly not in passing. Etc.