3 ms·

Has the bar gone up? http://www.advisorperspectives.com/dshort/updates/Real-Median-Household-Income-Growth http://www.advisorperspectives.com/dshort/updates/Rea

• cheriot 10y ago
  I've not seen that series before. Thanks! I do think the bar has gone up. The price of healthcare, housing, and educating one's children has increased at faster rates than inflation. Since the base unit is the household, instead of the individual, I suspect it doesn't account for how many women have joined the workforce since 1967. There's a number of interesting factors going on with workforce participation in that time period: http://data.bls.gov/timeseries/LNS11300000 http://data.bls.gov/timeseries/LNS11300000 (can't link directly, but there are chart options on the page). I can't find a series for changes in hours worked. I'd also love to discover a measure of job stability, which seems to be part of the "traditional" definition of middle class.