"Yet Here ..40 + years later Some think this 70's Dross is 'Quality Stuff'.
Wasn't then. How could it be Now? "
Because the standards have changed. Like education, now they give points for putting your name on the test correctly.
But people worked. First of all almost everything was cash, there was no interest which people DO forget about. If you have standing balances on your credit card it costs to rent that money. Iklnow, I did it. I had one that had a 6.9 % fixed for life rate. Unfortunately that wa the life of the bank (Signet) and when they got bought that was the end of that. I also had one with no limit. And they offered me a black card but I refused because the annual fee was $25 per card.
People used to pay cash for cars, now they don't even pay cash for the gasoline. and as someone mentioned, layaway. Most places did not charge for that, or if they did it was one fixed fee.
So you made $100 a week, but you had no car payment, no car insurance payment eirther back then, no credit card bills, no cellphone bills. No internet bill. No cable bill.
Electricity was $20 a month, gas was $40, rent was $100. Food maybe $100 a month. Telephone $25. You make $400 a month and all that added up leaves you a bit over $100 a month, but you have to buy clothes once in a while, which were not ridiculous "Tommy" shirts. Soap and all that, what ? $20 ?
So, if you have an extra $100 a month and want something that cost $500, you can have one in five months unless you change your mind and buy someting else, in which case you have to wait a little longer.
People had money in the cookie jar. In the mattress. Maybe a wall safe.
sales guys put up with us somehow....
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