I get really tired of hearing about median family income. Even Charles Murray used that stat in his book COMING APART. In that book he noted between 1970 and 2010 the bottom half the country was stagnant in earnings while the top half saw large gains.
The problem is in the article between Boomers and X is what percentage of families were single income vs. dual income? I would prefer to just know what the median full-time salary is. But that stat is almost never given. Instead it is median family income. A nice little trick to have the wife work and suddenly everyone should feel so much richer, even if the husband earns less than this father a generation earlier.
WORK MORE FOR LESS AND THINK U ARE PROSPERING. What a joke.
“between 1970 and 2010 the bottom half the country was stagnant in earnings while the top half saw large gains.”
Couldn’t be that somebody changed the nature of “sound as a dollar” back then, could it???
My dad worked and mom stayed at home until she was in her 40’s
We lived in a big 5,000 sq/ft house by a creek with a big park nearby (Minnesota). My parents built their house for $42,000.
I am in California where a decent house packed in too close to next house is $350,000.
Two incomes and you barely get by in too many places. Gov’t taxes are sky high and their policies have driven up the cost of everything.
How many are illegals? Those HH incomes would be way down, but the bigger problem with this analysis is: What is a household?