"It's not the high cost of living that does us in. It's the high living that zaps us."
These are the words of my father, who was born in 1879.
As soon as I read the lead paragraph of Sing's "Baby Boomers," I heard my father's words echo in my ears.
The reason that Bill Mitchell cannot buy a house is not related to his income of $32,000 annually. Rather, it is his "high living" that prevents home ownership.
First, he has made the choice to live in Hermosa Beach, that square mile of city that has the highest rents in Los Angeles. Second, he is making car payments of $260 per month. Must he drive a new car?