Yes, it is very different, but only because of the debt ratios. According to https://www.thecentersquare.com/national/report-credit-card-debt-increases-by-24-500-percent-since-1970/article_28ef1aee-0bb5-11ea-b75c-abb27681170e.html The average american in 1950 was only $500 in debt with an average income of 33,000. Today, if you look up average income of millenials it says it is 47,000 a year with an average debt of $80,000. https://www.visualcapitalist.com/visualizing-u-s-household-debt-by-generation/