Why a 1975 Furniture Store Owner Could Afford a BOAT (And You Can't)

In 1975, you could furnish a whole house for $3,000. Why did the owner make more on the loan than the sofa? We look at the math of 1970s credit. You will see how a local showroom operated, from the cost of a plaid sofa to the commissions paid to salesmen. We break down the real paycheck of a 1975 business owner and compare those costs to what a family pays to furnish a home today. Chapters: 0:00 - The $3,000 Showroom 0:29 - Opening the Showroom 3:00 - The Paperwork Empire 7:54 - The Credit Trap 12:07 - Rise and Fall 18:16 - The Modern Math A new true money story from 1950-1995 America every week - the wages, the prices and how people really lived. Figures are approximate period data; today's amounts are adjusted for inflation. #americanhistory #CostOfLiving #backthen #moneyhistory