Current unemployment at 9.6% is nearing the highs during Reagan’s first term.

Employment as a percentage of the population is near the numbers America felt in the 1960s. But in the 60s most families had one bread winner, healthcare was affordable, savings were up , bankruptcies down and retirement was expected.

Over the last thirty plus years, savings rates have plummeted while unemployment has gone down. Americans suddenly became irresponsible or wages were low & costs were high.

Income growth has largely been for the rich. 241% growth for the top 1%, while the working class have seen anemic income growth nearly swallowed by inflation. Source: cbo.gov