Did The Boomers Really Have It Better... Or Were They Just More Demanding?

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By almost every conceivable economic metric the 1980s were worse than today.
Life expectancy, human development, median incomes, and household wealth were all lower…
And at the same time, unemployment, interest rates, and poverty were all higher…
Now you might say that at least back then people could buy a home and weren’t being forced to finance their burritos thanks to a cost of living crisis right?
Except that, actually… Throughout the 1980s home ownership rates were lower, interest rates were higher and inflation was even worse.
For the people who did buy a home, more than half of the average household income went to mortgage repayments alone, significantly higher than the 33% average today.
The houses themselves were also significantly smaller and accommodated more people on average.
And it’s also not like it was all because people were living off a single breadwinner either.
By the end of the 1980s it was actually even LESS likely to have a stay at home partner than it is today.
This is to say nothing of the modern conveniences, comforts and customs that have made our lives a lot more cushy.
but despite what the numbers might say, the late 80s and early 90s are often seen as the last time “the system” was working for the people. It was when the boomers fully entered the workforce and built the foundation that made them the wealthiest generation in history.
In fact even the majority of you guys watching, (you know, a group of people who willingly subscribe to look at depressing charts every week), still said that you would prefer to live back then.
which raises the question, are we just nostalgic for an economy that never really existed?
Or has something else changed that’s made all of these macro economic numbers comparatively irrelevant?