2 ms·
There is more to quality of life than income. Despite rising incomes, younger peopple lagging far behind in terms of wealth accumulation[1] This may have some
by skohan 6y ago
There is more to quality of life than income. Despite rising incomes, younger peopple lagging far behind in terms of wealth accumulation[1]
This may have something to do with the fact that the cost of housing has risen drastically as compared to median income over the past few decades[2]
While the cost of education has also more than doubled for men, and increased by 20% for women relative to median income (despite a 73% increase in median income for women) since the 70's[3]
Yes income is increasing, but the costs for the markers of a middle-class existence are increasing much faster.
[1]https://www.marketwatch.com/story/this-depressing-chart-shows-the-jaw-dropping-wealth-gap-between-millennials-and-boomers-2019-12-04 https://www.marketwatch.com/story/this-depressing-chart-show...
[2]https://www.longtermtrends.net/home-price-median-annual-income-ratio/ https://www.longtermtrends.net/home-price-median-annual-inco...
[3]https://college-education.procon.org/median-incomes-v-average-college-tuition-rates/ https://college-education.procon.org/median-incomes-v-averag...