Comment by simianwords

Let's kill this myth that people were lounging around before the Industrial Revolution. Serfs for example were working both their own land as well as their lord's land, as well as doing domestic duties in the middle. They really didn't have as much free time as we do today, plus their work was way more backbreaking, literally, than most's cushy sedentary office jobs.

We could probably argue to the end of time about the qualitative quality of life between then and now. In general a metric of consumption and time spent gathering that consumption has gotten better over time.

What was all this free time spent doing in the pre-industrial era?

You can consume a lot less on a surprisingly small salary, at least in the U.S.

But it requires giving up things a lot of people don't want to, because consuming less once you are used to consuming more sucks. Here is a list of things people can cut from their life that are part of the "consumption has gone up" and "new categories of consumption were opened" that ovi256 was talking about:

- One can give up cell phones, headphones/earbuds, mobile phone plans, mobile data plans, tablets, ereaders, and paid apps/services. That can save $100/mo in bills and amortized hardware. These were a luxury 20 years ago.

- One can give up laptops, desktops, gaming consoles, internet service, and paid apps/services. That can save another $100/months in bills and amortized hardware. These were a luxury 30 years ago.

- One can give up imported produce and year-round availability of fresh foods. Depending on your family size and eating habits, that could save almost nothing, or up to hundreds of dollars every month. This was a luxury 50 years ago.

- One can give up restaurant, take-out, and home pre-packaged foods. Again depending on your family size and eating habits, that could save nothing-to-hundreds every month. This was a luxury 70 years ago.

- One can give up car ownership, car rentals, car insurance, car maintenance, and gasoline. In urban areas, walking and public transit are much cheaper options. In rural areas, walking, bicycling, and getting rides from shuttle services and/or friends are much cheaper options. That could save over a thousand dollars a month per 15,000 miles. This was a luxury 80 years ago.

I could keep going, but by this point I've likely suggested cutting something you now consider necessary consumption. If you thought one "can't just give that up nowadays," I'm not saying you're right or wrong. I'm just hoping you acknowledge that what people consider optional consumption has changed, which means people consume a lot more.

So you are agreeing with the parent? If consumption has gone up a lot and input hours has gone down or stayed flat, that means you are able to work less.

Save up and then FIRE; retire early by moving to a lower cost of living area.

you can consume as much as an average person from 1950's by working just a few days a week.

Boomers in a nutshell. Do a bunch of stuff to keep from building more housing to prop up housing prices (which is much of their net worth), and then spend until you're forced to spend the last bit to keep yourselves alive.

Then the hospital takes the house to pay off the rest of the debts. Everybody wins!