When I started my first real job in 1974 the annual salary was $7,500.00/year.
In 1976 I purchased a new Chevrolet Camaro for a little under $7,000.00.
IMO the numbers don’t matter as much as the purchasing power from one decade to the next.
It amazes me how much money young people earn today and how how much it costs to be young in America today.
I feel that I was better off in real terms during the 70s. Things were cheaper and there were fewer, so called, necessities competing for my dollars.
On one hand, I see a lot of young people spending too much money on having the latest high-tech toy, eating out, and other things that aren't really "needs."
But, one area I feel bad for them is the cost of a college education. With the help of my parents, and an after classes job of 30 to 40 hours a week, I got through college at a State University without any student loans.