If one goes to college, works hard, and saves enough money, a secure lifestyle is almost guaranteed right? Not in the seventies it isn’t (well, not today either). The seventies in the United States was a time where a profound sense of uneasiness consumed the psyche of most Americans. On an economic level, the seventies becomes a time where the golden age of capitalism that took place in sixties falls completely apart in return for a trade deficit and a period of stagflation. This economic unrest created a sense of panic in families that had previously been doing well. In 1975 the Times reported,
“Inflation, the apparent inability of the country to solve its economic problems, and a foreboding that the energy crisis will mean a permanent step backward for the nation’s standard of living have made inroads into Americans’ confidence, expectations, and aspirations… .
There is also concern that… no longer will hard work and a conscientious effort to save money bring them a nice home in the suburbs” ( Zinn, 557).
Americans not only found everything they once knew unraveling on an economic level but on a political level with president Nixon and the Watergate Scandal and cultural level with the various liberation movements occurring as well as identity politics as well. This was devastating. Zinn states “perhaps much of the general dissatisfaction was due to the economic state of most Americans (557). I completely agree, as families not only had to worry about their country but also if they would have a place to go home too as well.