3 ms·

I think of it more as people needing to work more hours overall just to afford the same lifestyle.

• refurb 6y ago
  That would be inflation. And the income increase is real income, so inflation is accounted for.
  • jb775 6y ago
    I feel like the inflation measurement is BS. It tracks prices of goods, but doesn't account for people paying for things they didn't pay for in the past (day care, bottled water, health insurance, retirement savings), and comparing that to their income. 25 years ago it was normal for families to live fairly well-off on a single income...nowadays you'd barely make ends meet. It's deceiving nowadays because we're basically living the same lifestyle quality we were 25 years ago, except that either both parents are working like dogs, or the even sadder reality of couples foregoing/delaying kids because of their finances.