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dghlsakjgyesterday at 10:27 PM1 replyview on HN

Here's the actual data broken out for a variety of locations (I see someone else found the whole country): https://fred.stlouisfed.org/release?rid=439

The data don't support the story you are telling, at least not on a 17 year time scale. Most places including LA and New York actually show the opposite. Real wages are rising faster than cost of living in the long term just about everywhere in the US.

I understand the argument, and housing is a problem, but there just isn't much to support the doom and gloom narrative if you don't use cherry picked data from opeds. I suspect that a lot of people have distorted views about what they should be able to afford.


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asturatoday at 12:49 PM

>The data don't support the story you are telling, at least not on a 17 year time scale. Most places including LA and New York actually show the opposite.

People point to the 1960s as the "golden age" where everyone could afford everything on a single person working an easy entry-level job. However, that is also a meme, not reality. According to the census bureau median family income in 1960 was $5,600, which is $58,946.59 in Jan 2024 dollars. It's $83,730 in 2024. For individual males, in 1960 it was $4,100 ($43,157.33 Jan 2024 dollars) and $71,090 in 2024.

Sources:

https://www.census.gov/library/publications/1962/demo/p60-03...

https://www.census.gov/library/publications/2025/demo/p60-28...

https://data.bls.gov/cgi-bin/cpicalc.pl

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