The American economy has definitely changed since 1960. Back then a house was $16,500, a gallon of gas 31 cents, and a first class stamp a mere 4 cents. Things were much less expensive and inflation was only at 1.4%.
The United States has been in at least 3 wars since 1960. We lost Vietnam and who knows what's going on with the war in Iraq and Afghanistan. And the Cold War was just plain scary, so I've heard. All of these wars have cost the U.S. so much money and put us in so much debt that they're a big reason why our economy is so awful today.
Jobs are not as plentiful today as they were back then. I couldn't even get a job this summer so I had to create my own doing lawn services for people at a really low price. I feel like my personal opportunities job-wise have been narrowed, but I know I have more opportunities in life.
More and more I think the best way to get rich is start your own business.
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