Are We Really Worse Off Than Our Parents?

My parents bought their first house for £2,000. My mother didn't work, it was almost unheard of back then, but we lived in a decent area, owned a car and enjoyed holidays.

My dad had a regular job, nothing special, if he wanted more money he could work more hours or weekends. My friends parents were in similar circumstances, life seemed pretty good even though iPhones and facebook didn't exist yet.

So yeah, I think I'm worse off.

Picking appliances as the example is a bit of selection bias. Food and housing are the real costs.