In 1979, when my parents bought a new Dodge Aspen wagon, its price of $5,000 was around the median car price, at about ⅓ of the median annual wage. That’s about $22,000 in 2026 dollars, which is about ⅓ of the median annual wage now. But the median car price is up to $50,000.
“Now”??
“Back then the amount remained the same” > “Now the amount is growing”. But i get your point and agree cars were always expensive.
It makes sense if you define car ownership in ~2024 as “affordable”
In 1979, when my parents bought a new Dodge Aspen wagon, its price of $5,000 was around the median car price, at about ⅓ of the median annual wage. That’s about $22,000 in 2026 dollars, which is about ⅓ of the median annual wage now. But the median car price is up to $50,000.
Presumeably the article author has been insulated and didn’t realize that other people outside of their tax bracket exist.
I hear “the white imperial core” thrown around a lot.
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