Quote:
Originally Posted by tony286
But they spent more on education , you had public college and road systems were built and we had a bunch of wars. So everyone wasnt paying 12 percent. They also had a war tax.
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Vietnam dragged on for a long time. There was terrible unemployment in the 1970's.
When I bought my first house the interest rate was 16%. And I had to put 10% into it.
Inflation was out of control.
Every generation has their cross to bear. This era isn't any different from the ones your parents and grandparents lived in. All that has changed is that there are better toys and gizmos.