In the early 60's I got my 'spending money' by mowing lawns (this is well before the adults took this job opportunity away from kids)... I would mow fornt and back yards, hand trim the grass around the house, drive and sidewalk - and charge $5.00
With $1 I could go to the gas station (convienence stores did not sell gas back then) and get a gallon of gas for 8 cents (normal price was 12 cents or so but there was always a 'gas war' between competeing stations), a 16 ounce bottle of soda (or pop if you prefer), some candy, a couple comic books and still have 5 cents left over...
I worked by butt off in the summer, but I had spending money all year at school...
I use to think that if I ever got a job that paid $5 an hour I would be living on easy street
A kid could ride their bicycle on city streets (in housing neighborhhods anyway) and not worry about traffic, parents didn't think twice about letting kids play outdoors unsupervised, and many times I would spend Saturday mornings at the local theater watching cheesy sci-fi movies, and not an adult in sight...
Of course the problem with looking back at a 'golden age' is that there were many bad things at the same time... Many people had it pretty rough, and not every kid had a good life...