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Comparing family income 1950 with a single income in 2020 though. Have two incomes of that size in a family, and you'll be at 140k, which will put you in in tha
by luckylion 7y ago
Comparing family income 1950 with a single income in 2020 though. Have two incomes of that size in a family, and you'll be at 140k, which will put you in in that range.
- oblio 7y agoI'd agree with you, but. In 1950 the average family was very likely to live on a single income, the husband would be the earner and the wife a housewife. I'd be curious to see the numbers for my assumption, though.
- luckylion 7y agoYeah, from what I understand, inflation-adjusted family income has remained largely stable for the lower 80% despite significantly more families having more than one income, which sounds plausible, given that more supply should decrease the price of labor.