#4: Late ’70s stagflation
Imagine working just as hard, maybe harder, and still feeling like you’re falling behind. That’s what late ’70s stagflation did to many households. Prices climbed while wages felt squeezed, and budgeting turned into a constant, exhausting math problem. It wasn’t a one-day panic like a market crash. It was a slow pressure that made families change habits quietly: fewer restaurant meals, fewer new clothes, more “we’ll wait and see.” Stagflation didn’t just affect wallets. It affected morale.
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