ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

People are sharing 'normal' things from the '90s that are now considered a 'luxury'

The list goes long and it keeps getting interesting.
PUBLISHED AUG 30, 2024
Image Source: Photo by Karolina Grabowska |Pexels
Image Source: Photo by Karolina Grabowska |Pexels

While the world has got both better and worse in many ways over the last few decades, some people believe life was much better 30 years ago. The conversation was stirred by Redditor u/zombiem00se, who asked the question, "What was normal 20 to 30 years ago but is considered a luxury now?" on the forum r/AskReddit. 

Representative image of a couple reading underneath a tree in Central Park, August 1990 | Getty Images | Photo by Barbara Alper
Representative image of a couple reading underneath a tree in Central Park, August 1990 | Getty Images | Photo by Barbara Alper

The Reddit post shared last year quickly amassed thousands of responses with users sharing various things. "New furniture made out of real wood," was the first item listed by user u/Juls7243/. The user referred to the rise of cheaper materials being used in modern furniture.

A report from the Washington Post suggested since wood got expensive and the import/export of furniture increased, companies turned to lighter and economical materials that may not last as long as solid wood. 

Representative image | Unsplash | Photo by Tiana Borcherding
Representative image | Unsplash | Photo by Tiana Borcherding

Another user shared a rather blazing issue of the modern world. "Pay no more than 30% of your income in rent," user u/newsaggregateftw suggested. The median rent was about $602 in 2000, about 24 years ago, as per Census.gov. Today, the median rent has gone up to $2,106, according to Zillow.

While most talked about prices, one user spoke about the work culture. Pointing to the toxic, burnout-prone culture, user u/Siukslinis_acc wrote, "Not being expected to be reachable 24/7." This is also backed by data, as in APA's 2023 Work in America Survey, a whopping 77% of the respondents said they experience work-related stress, and 31% further shared that they were experiencing "emotional exhaustion."

Representative image | Pexels | Photo by energepic.com
Representative image | Pexels | Photo by energepic.com

Another user pointed out that the cost of entertainment has also gone up, making it a luxury. "Concert Ticket prices," wrote user u/Quality_Street_1. Another true fact, as a Marketplace.org report pointed out that in 1976, a ticket for a Springsteen concert in Los Angeles cost about $8 or $44 in today's money. However, in 2022, tickets for his world tour went as high as $5,000 on Ticketmaster, thanks to the higher venue fees, various commissions, taxes, platform fees, and more.

Bruce Springsteen performs with the E Street Band at Hampden Park,2016 | Getty Images | Photo by Ross Gilmore
Bruce Springsteen performs with the E Street Band at Hampden Park,2016 | Getty Images | Photo by Ross Gilmore

Meanwhile, another user u/Working-Finger3500/ recalled the times when driver's ed was a part of high school education. In California, driver's ed for students ended back in the 90s, when the state pulled back funding in response to a decrease in people getting their licenses, as per a blog. Thus, unlike 40 years ago, today young drivers need to go through expensive classes to get their license. 

Representative image | Unsplash | Photo by Alex Jumper
Representative image | Unsplash | Photo by Alex Jumper

Meanwhile, user u/SuvenPan/ listed, "Retirement plan built-in to your job", as a thing that was normal years ago but is considered a luxury today. This is true according to experts as well. In a blog, the Economic Policy Institute declared that the modern retirement plan, which is the 401(k) is “a poor substitute” for the defined benefit pension plans that workers relied on years ago.  The institute noted that plans that provide a fixed payout for employees at retirements have now become increasingly rare. 

For more such posts, follow r/AskReddit on Reddit.

MORE ON MARKET REALIST
“He has committed ten times more impeachable offenses in his second term,” the senator said.
13 hours ago
The game was an incredibly difficult one to be fully successful in. One instance of hesitance can cost thousands
13 hours ago
The retailer's latest move could help many customers save a bit more on their grocery expenditures.
14 hours ago
The President spoke to the head of another country during the interview and criticized Joe Biden.
14 hours ago
The FDA issued a Class II warning on the product recently but no illnesses have been reported.
16 hours ago
Over the last three years, the stock market has grown significantly; the S&P 500 has gained 24%, 23%, and 16% annually.
16 hours ago
The US siege of Venezuela is a move that has exposed oil reserves and other resources for the U.S. to control
17 hours ago
The U.S. economy is growing and failing to generate jobs at the same time.
2 days ago
A World Economic Forum survey revealed that about 41% companies are planning to reduce their workforce.
2 days ago
The TikTok user shared that the cost of 122 grocery items back then was just $155.
3 days ago
The cost of living adjustment (COLA) won't be as high as it is now in a year's time.
3 days ago
Mortgage rates have been falling in the last year, but the housing market hasn't done well.
3 days ago
The contestant was following the host's advice, but even he did not expect it to work so well.
3 days ago
A man's Walmart experience where an item that cost $12 online, surged to $29 at store, irks the internet
3 days ago
The Treasury Secretary also asked the Fed to go forward with an open mind in 2026.
3 days ago
The South provides a unique shot at affordable living, which is attractive to millions.
3 days ago
"Dan's big win was adding the vowel "I" to his letter combo. Congratulations on $40K!" a fan reacted.
3 days ago
President Trump said he would ask the Congress to 'codify' the ban and share more details soon.
4 days ago
The show also led to a surge of interest in several products that translated into rising sales.
4 days ago
The contestant had the best chance to win the car but her own choices cost her.
4 days ago