Hi Infose, If you mean richer in AUD then I'd agree with you. But if you compare the suburban family, 3 kids, of the 1960s who owned their home on a quarter acre block (then worth $25K) & the Station Wagon (then worth $4K) and the missus a full time housewife
and now:
The average Aussie family with 3 kids a house worth $800K and a 4x4 worth $50K and both parents flat strap working;
IMO its much of a muchness with the 1960s being arguably the better lifestyle...eh?
A million AUD in the 1960s would be equivalent to $15 million now at least going by relative purchasing power
My first management job in the early 70s was $45K p/a + car/petrol/phone +$5K productivity bonus. The same job today is $220K p/a + a novated car lease, + tax effective extras . A decent suburban house package then was $35K &the car was $5.5K
With astute saving it was possible to own both in 5 years!
Nowadays 30 years mortgages for a twenty something is the norm
