Jd Smith1
Hero
Depends on the region. Just because the media claims something, doesn't make it a fact. Sure, in major urban sprawls, the cost of housing has severely diminished purchasing power. But that isn't the entire USA, or even a majority of the USA. It's a big country.?
Pay has gone up significantly less than cost of living since the early 80s. It isn't even close, actually.
Also, 83% of the US lives in urban areas.
I would strongly challenge that 83% number. But I spent my working life in urban areas. In my area, you can get a tract home for $50,000 or less.