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Answer the question.
How is it that a family could be supported on one income 50 years ago, but today even two income households are deep in debt?
Have you looked at the differences between what a family expected in that house 50 years ago compared to today. How massive houses have grown since then. The average house size has almost doubled since the 1970s. People now demand a huge house, multiple big screen TVs, smart phones for everyone in the family and multiple new cars.
Look into a few of those things and you will answer your own question.