Taking a big step backward

  • Article by: BILL WARD , Star Tribune
  • Updated: June 15, 2012 - 1:59 PM

The economy has us back in the early '90s. Not that there's anything wrong with that - culturally, anyway.

David Letterman in the mid-1990s.

So we've fallen back to where we were two decades ago, the Federal Reserve said this week. The median U.S. family's net worth plummeted 39.4 percent from 2007 to 2010, down to $77,300, about where it was in 1992.

But before looking for a ledge from which to leap, we should pause and remind ourselves that in the early 1990s, we were livin' large in a lot of ways.

With a hat tip to David Letterman, here are 10 things that were phat during that era:

10 The Twins were kickin' it, capturing their second World Series title in five years.

9 It was cheap to dress fashionably, with grunge all the rage.

8 We had a lot more free time, before e-mail, Facebook, Pinterest, etc.

7 Cellphones were da bomb, and some newer ones didn't look like bricks.

6 You could buy a Saab 900 convertible and fill it up with gasoline that cost $1.10 a gallon.

5 "Twin Peaks," "Seinfeld," "Northern Exposure" and "Ren & Stimpy" were revolutionizing TV. (Too bad reality TV came along.)

4 America's largest mall opened in our back yard.

3 Baggy jeans were in style, and they were worn above the butt crack.

2 David Letterman was still hip.

And the No. 1 thing about the early '90s:

1

The 1980s were over!

Bill Ward • 612-673-7643

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