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[+] 11 points 4 months ago (2 children)
  • [–] 7 points 4 months ago (1 child)

    My parents had a house with a 30 year loan in the 80's... at 16%. That said, it was also only like $25k.

    Credit cards in the 90's had low limits but people would just get a bunch of them. I remember hearing the average person had 14.1 cards in the late 90's.

    This has been going on forever. I feel like it's an integral part of American society since at least the 50's. Deregulation has increased the speed, the disconnect between wage growth and inflation/buying power, etc.

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