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Podcast: PRay TeLL, Dr. Hash
Episode: 1390 Income Gap
Description: When I got married, we were both going to college while working part-time. We had a cheap car, cheap apartment, and still went to Europe for a month. Then we bought a house at 21% interest, a car, and had 3 kids who needed baby-sitting, all on the income of entry-level jobs with no help from anywhere, and both of us still going to school part time for another degree. Can't do that now.
Over the decades interest rates went down to 3%, though most people didn’t notice. However, what that did was jack up the stock market, jack up housing prices, ja...