Who is responsible for our messed up Country? Boomers or Millennials?

[sinkingfeeling]

57. +1000 However, when I began working in 1970, the average income was something

like $8,000. I recently discovered by 1977 tax booklet and return, where I paid some of my income at a 34% rate. So, I decided to check out prices and wages from back then and compare with those of today.

So, per capita income increased from $5,730 to $26,708 or by 4.66 times. Yet those things that are government subsidized did not increase at the same rate.

"The median money income of households in the United States rose to $13,550 in 1977, a 7-percent increase from the 1976 median income of $12,690. However, almost all of this increase was eroded by rising prices. After adjusting for the 6.5 percent rise in prices between 1976 and 1977, the 1977 median in terms of constant dollars did not show a significant change from the 1976 median."

http://www2.census.gov/prod2/popscan/p60-117.pdf

Mortgage rates averaged 8.9% on a 30 year. Per capita income was a whole $5,730. The per capita income in 2011 was $26,708 or 4.66 times more. Based on that and prices of things in 1977, a gallon of milk should now cost $7.83! (Was $1.68 in '77) and a dozen eggs should be $3.82 and a gallon of gas should be $3.02, exactly what it's selling for here!