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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Said ✧  😊 😞
Number: of 22350 
Subject: Re: Spy down another 4 percent,
Date: 04/11/25 2:08 AM
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Has American standard of living gone down or up in the last 50 years?

Hmm, as an outsider please let me ask: Why, when I visited the US, was this European shocked by finding many Americans can't afford decent housing, can at best rent one single room in a house? Very different for many European countries.

This reminds on the situation in a country I know a bit, New Zealand, where housing also the last 20 years became more and more unaffordable for MANY, with the Kiwi dream of your own house for a good part of the younger generations much further away than 20 or 30 years ago.

You mention clothes, whiteware etc. This is, as a German banker once famously called it, "peanuts" = nothing. Housing is the single one thing that decides over standard of living. A fancy 65" TV and having Netflix doesn't compensate for having to watch Telly - and to live(!) - in a shed.

With housing as the main criterion I am not that sure how much the standard of living really did increase for a good part of the Western population - especially in the English-speaking countries.


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This community has written 21,861 posts about Berkshire Hathaway. The article-length ones it recommended most:
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