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I thought this chart captured the modern economic angst really well: https://www.lynalden.com/wp-content/uploads/dollar-crisis-income-vs-expenses.png https://w
by jimbokun 5y ago
I thought this chart captured the modern economic angst really well:
https://www.lynalden.com/wp-content/uploads/dollar-crisis-income-vs-expenses.png https://www.lynalden.com/wp-content/uploads/dollar-crisis-in...
Concretely shows how one income used to be able to easily cover a family's expenses.
And how today a one income family is worse off today than 40 years ago in absolute terms.
And how the biggest family cost increase is healthcare, followed by college.
Things that have all been discussed in depth, but clarifying to see them on one simple chart.
- ceedan 5y agoThat chart shows median male income and includes the cost of college. Median male income is weighed down by non-college educated men, who are very likely not paying for college. https://www.bls.gov/emp/images/ep_chart_001.png https://www.bls.gov/emp/images/ep_chart_001.png Men with a bachelor's degree make a median of 68k/year Yearly income drops to 52k for men with an associate's degree. Drops to 47k with some college education. Drops to 41k with just high school education. https://en.m.wikipedia.org/wiki/Educational_attainment_in_the_United_States https://en.m.wikipedia.org/wiki/Educational_attainment_in_th...