2 ms·
One flaw here, as others have noted, is the number of wage-earners per household. But there is even a greater factor: the inflation-adjusted GDP per capita! In
by namirez 8y ago
One flaw here, as others have noted, is the number of wage-earners per household.
But there is even a greater factor: the inflation-adjusted GDP per capita! In 1968 it was $24k; in 2008 it was $50k. Is the author really surprised that a lot of households make more than their parents?