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Downward Mobility: Why We Aren't Living Better Than Our Parents Did -- New York Magazine - Nymag

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From the August 16, 1982 issue of New York Magazine.

From the August 16, 1982 issue of New York Magazine. Mark and Alison Kramer* used to spend their Sunday mornings at home, nestled up with a calculator, the New York Times real-estate section, and smoked salmon from one of the shops near Columbia University. They had sincere, if naïve, hopes of finding a co-op or condominium within their price range. As an associate professor with tenure, a plum job for anyone who earned a Ph.D. in the humanities in the sixties, Kramer has a modest but secure income. His wife, one of those smartly dressed M.B.A.’s several years out of school, is a middle-level

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