I suspect that my parents (and theirs) reflected often on the costs of things throughout their lives. I’m having a moment where I’m thinking that too and also realizing my kids will NEVER fathom the idea that a good car could be purchased for $15,000. Someone reading that last sentence had the thought, “I remember when you could get a good brand new car for under 10,000!” (According to my phone, the MSRP of a brand new Honda Accord in 1984 was $10,123).
There’s something unsettling to have experienced such a dramatic divide develope between the amount of money working people earn versus the costs of necessities. It’s unsettled because I’m 45. I’m speaking as someone who’s been financially independent for 27 years.
In the light of three decades, the gap feels monstrous. I can’t help but to feel bad for my kids. Then, I remember they’ll have a different lens than mine because they’ll be starting their independence when things are already really bad.
Law of Conservation of Money
I believe in the law of conservation of money within a nation. It’s an idea. Money doesn’t go away. It just gets tipped toward some more than others when things are out of balance.
I’m sure ultra rich don’t feel the same pressure working class do. Not for necessities.
Anyway, I’m sure there’s already a term for the concept I’m describing. My knowledge in the area is limited.
Oh wait
It occurs to me to that my children don’t have to live in the USA when they become independent – or sooner. I forget sometimes that things being shit, economically,I in my country doesn’t mean the rest of the world is also trash right now.