English is my second language and I'm posting from my phone yadi yada…
These numbers are for the province of Quebec in Canada and are sourced from Statistics Canada.
Considering an average house price of approximately 100,000$ in 1990 and a minimum salary of 5.30$ per hour, that house for that salary man took 18800 hours to buy, notwithstanding the realities of life of course.
Going by the same metrics, the same average house today cost 475,000$. The minimum salary is 15.25$. So comparing apples with apples, buying the same house now takes 31100 work hours.
Now if all things were equal with our Boomers predecessors, a 475,000$ house divided by 18800 work hours would put the minimum salary at 25$ an hour. Which means that we have an actual inflation of 65% in comparison to 1990.
That's not even considering realities that back in the days all you needed was a home phone connection and basic cable which was very cheap. Now nobody can effectively function without a cell phone and home internet which does not include basic cable or a streaming subscription.
I tried to explain that to my boomer dad when he claimed that salaries had increased accordingly and that they had it just as tough back in the days. To which he responded that it doesn't apply to me since my condo didn't cost 475,000$ and I don't make minimum salary.
He simply cannot comprehend that those metrics are guideposts and that they affect everything. That our entire cost of living has a 65% inflation compared to back in the good old boomer days.