The 1955 recession was worse (for now)
Opinion • February 2009 • Views: 1,579
Even in the midst of what may become the worst recession in the postwar era, Americans still have the means to enjoy more luxuries than their parents or grandparents did a half-century ago — for now.
Necessities like food and clothing take a much smaller share of household budgets, with plenty left over to pay for bigger homes, second or third cars and higher levels of education than families could afford back then.