35. Basics vs Luxuries: 120 Years of Perspective
Listen now
Description
In today's show, we zoom out and look at how much our lifestyles have changed in the last 20, 70, 120 years.  What did people used to spend their money on compared to today?  How much did people have left after paying their bills, and how has that changed over time? Discussion points... What was life and household spending like in 1900?  (02:42)Lifestyles, work changes, and purchasing power by 1950  (07:36)How far our wealth and incomes stretch in the year 2000  (13:25)Changes in lifestyle and where our money goes in 2021 (21:16)Why it's so hard to keep things in perspective  (25:03)What can we learn from all this?  (28:00)The internet makes everyone feel poor  (32:30)Summary and final thoughts  (35:24) Resources and stuff mentioned... How we track our investments:  SharesightResearch:  100 Years of US Household SpendingArticle: Australia's Addiction to Big HousesArticle:  The Real Cost of Living - An Inconvenient TruthPodcast:  Inflation and Why We InvestPodcast:  Spending, Happiness and FIRE More from us... Pat's blog:  Life Long ShuffleDave's blog:  Strong Money AustraliaContact us with questions and feedback:  [email protected] 
More Episodes
In this episode, we discuss the crackdown on financial content by the regulator ASIC. We share our thoughts on these issues and how it affects what bloggers and podcasters are able to say to their audience.  The restrictions are so frustrating that we have decided to end the show. We've both...
Published 04/18/22
In this episode, we talk about the different taxes we face on our financial journeys.  We discuss taxes on our income and investments, different options for reducing tax, including tax deductions and negative gearing.  We also break down examples of what taxes look like when you're living off a...
Published 04/04/22
Published 04/04/22