$60,000 is mediocre (Score 1)

$60,000/year is a very mediocre salary. During the 1960s, my dad made $17,000/year, and he bought a brand new 4 bedroom house that was less than his annual salary for $14,000! (And he was under 30 years old too!) Just imagine if you got paid $450,000/year salary today; so that you could buy a new house with 4 bedrooms for $400,000 in a safe neighborhood! That is the average cost of a home in most major cities and high-tech regions today. And that's for an 30 year old house that is a far cry from being anywhere near 3,000 sq. ft. This just shows us how much the standard of living has declined! ...and don't forget, during the 60s most people bought a new car every 2 years...usually paying "cash" for the vehicle! Where's THAT OPPPORTUNITY TODAY!