3 ms·
Do you think two working parents factors into this? My coworker's families have annual income over $1m/yr, b/c both mom and dad work. In previous generations,
by itake 3y ago
Do you think two working parents factors into this? My coworker's families have annual income over $1m/yr, b/c both mom and dad work.
In previous generations, with only one parent working, it is almost impossible to compete.
- vineyardmike 3y agoThis is actually well documented. There has been a notable increase in prices couples with an increase in women working (instead of staying home). It’s not a 1:1 increase of price to household income, but it’s well documented, and geographically correlated to rate of double-income households.
- toomuchtodo 3y agohttps://en.wikipedia.org/wiki/The_Two-Income_Trap https://en.wikipedia.org/wiki/The_Two-Income_Trap
- itake 3y agoThe wiki summary suggest rising costs causes both parents to work, but my postulation is the opposite: two family working causes rising costs: Women wanting to work has caused families to have more disposable income, causing inflation for everyone.