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by pchristensen 5778 days ago
"what items did the middle class of 1970 have that the poor of 2001 lack?"

They're not items, but I'd say hope, stability, confidence, status, etc.

1 comments

They're not items, but I'd say hope, stability, confidence, status, etc.

Really? In the US? In the 70's? This was at the end of the Vietnam War, during the oil crisis, remember?

As a random example consumer confidence at the lowest point during the financial crisis was still higher than it was in 1973 (during the Oil Crisis): http://useconomy.about.com/b/2008/04/01/consumer-pessimism-s...

I'm guessing the middle class had more than the poor had.