That salary price is nowhere near the minimum wage in the US. $45,000 is around $21.63/hr. Although most places pay more than minimum wage, the current federal minimum wage is $7.25/hr.
Also, you'll be hard pressed to find a livable house for that cheap. The average price of a home in the US in 2019 is $226,800 [2].
The numbers just don't work. Most people can't afford a house right now.
> The average price of a home in the US in 2019 is $226,800
Yes, because the average home in America is 2000+ square feet.
The OP explicitly made the comparison to 1950. And in 1950 the average home was 980 square feet. It'd be like me complaining that cars have become unaffordable because I decided to double the number of cars that my household owns.
You can easily find a 1950s size home for less than $125,000 almost anywhere in America. For example check out the Zillow listings for Omaha, Nebraska. There's a plethora of 2 bedroom/1 bathroom homes (typical 1950 sized house) priced around $100,000. (Many actually built in the 1950s.)
Omaha has the third lowest unemployment rate in the country, and Nebraska's educational system is ranked above average. If your benchmark is 1950, which entails a four-person family, a 1000 square foot house, a job, and decent schools, that's easily achievable today, unless you insist on living in a high cost metro like New York, San Francisco or Miami.
> Although most places pay more than minimum wage, the current federal minimum wage is $7.25/hr.
Only 2% of full-time workers make less than minimum wage. And of those ones that do the vast majority are under-25. Not exactly the typical 1950 head-of-household. You're trying to compare the poorest segment today to the upper-middle of 1950. You can't compare advertising executives from Mad Men to modern-day dishwashers, then declare that things have gone backwards.
If you do want to look at the poorest Americans, instead of the middle-class, then 1950 looks even more bleak. 25% of homes didn't have full plumbing. 15% didn't have a toilet. 20% didn't have electricity. A third of were heated with coal (which is filthy, unreliable and terrible for the respiratory system).
Without a doubt the bottom quartile of Americans had much much worse housing conditions in 1950 than today.
Yes, because the average home in America is 2000+ square feet. The OP explicitly made the comparison to 1950. And in 1950 the average home was 980 square feet. It'd be like me complaining that cars have become unaffordable because I decided to double the number of cars that my household owns.
You can easily find a 1950s size home for less than $125,000 almost anywhere in America. For example check out the Zillow listings for Omaha, Nebraska. There's a plethora of 2 bedroom/1 bathroom homes (typical 1950 sized house) priced around $100,000. (Many actually built in the 1950s.)
Omaha has the third lowest unemployment rate in the country, and Nebraska's educational system is ranked above average. If your benchmark is 1950, which entails a four-person family, a 1000 square foot house, a job, and decent schools, that's easily achievable today, unless you insist on living in a high cost metro like New York, San Francisco or Miami.
> Although most places pay more than minimum wage, the current federal minimum wage is $7.25/hr.
Only 2% of full-time workers make less than minimum wage. And of those ones that do the vast majority are under-25. Not exactly the typical 1950 head-of-household. You're trying to compare the poorest segment today to the upper-middle of 1950. You can't compare advertising executives from Mad Men to modern-day dishwashers, then declare that things have gone backwards.
If you do want to look at the poorest Americans, instead of the middle-class, then 1950 looks even more bleak. 25% of homes didn't have full plumbing. 15% didn't have a toilet. 20% didn't have electricity. A third of were heated with coal (which is filthy, unreliable and terrible for the respiratory system).
Without a doubt the bottom quartile of Americans had much much worse housing conditions in 1950 than today.
[1] https://www.bls.gov/opub/reports/minimum-wage/2016/home.htm [2] https://aceee.org/files/proceedings/2004/data/papers/SS04_Pa...