Matthew Yglesias

@mattyglesias ↗

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Last Checked Jan. 12, 2023

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Sun Jan 08 18:04:53 +0000 2023

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Matthew Yglesias @mattyglesias

A contemporary 3br home would be much larger than its 1950s version. The typical American can clearly afford a car (not going to offer a citation on that). There's been a big increase in the cost of child care, but we're talking about a SAHM family here. — PolitiTweet.org

Posted Jan. 8, 2023

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Matthew Yglesias @mattyglesias

The BLS says average hourly earnings are $32.82 per hour which comes out to about $65,000 per year. HUD's fair market rent for a 3br dwelling in Greater Philadelphia is $1,789/month or $21,468 — just less than a third of that full-time average wage. — PolitiTweet.org

Posted Jan. 8, 2023

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Matthew Yglesias @mattyglesias

What's true is that college tuition is much more expensive in 2022 than it was in 1962. But back then most people didn't go to college. Today's kid, if he does go, will graduate with loan debt but also enjoy all the bounty of modern technology. https://t.co/800kZvPunh — PolitiTweet.org

Posted Jan. 8, 2023