Housing and medical had to be cheaper back then. Otherwise we wouldn't complain about how expensive they are today.
There was a newspaper article a couple months ago that stated in 1950 the median house price was 2x median income. Today it's 5x. I don't know what healthcare costs have done but wouldn't be surprised if the costs had also 5x'd.
But if things cost less back then, then what did they spend money on that we don't today? Their savings rate could not have been that high--higher than us, but double digit percentage of their incomes? Different subject though.
There was a newspaper article a couple months ago that stated in 1950 the median house price was 2x median income. Today it's 5x. I don't know what healthcare costs have done but wouldn't be surprised if the costs had also 5x'd.
But if things cost less back then, then what did they spend money on that we don't today? Their savings rate could not have been that high--higher than us, but double digit percentage of their incomes? Different subject though.