Page 224 - Psychology of Money - Timeless Lessons on Wealth, Greed, and Happiness-Harriman House Limited (2020)
P. 224
During a time when median wages were flat, the median new American
home grew 50% larger.
COBACOBA
The average new American home now has more bathrooms than occupants.
Nearly half have four or more bedrooms, up from 18% in 1983.
The average car loan adjusted for inflation more than doubled between 1975
and 2003, from $12,300 to $27,900.
And you know what happened to college costs and student loans.
Household debt-to-income stayed about flat from 1963 to 1973. Then it
climbed, and climbed, and climbed, from around 60% in 1973 to more than
130% by 2007.
