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I have no idea about the numbers but wouldn't median household income be 50% higher because both adults work (and they have no kids) now?
by Fire-Dragon-DoL 3y ago
I have no idea about the numbers but wouldn't median household income be 50% higher because both adults work (and they have no kids) now?
- candybar 3y agoLabor participation rates among women haven't changed drastically since the 80's. Also: https://economistwritingeveryday.com/2022/06/22/us-households-have-a-lot-more-income-than-1967-and-its-probably-not-just-because-of-the-rise-of-dual-income-households/ https://economistwritingeveryday.com/2022/06/22/us-household... > In fact, this is also a period when the number of two-income households shrunk, from 35% in 1987 to 32% in 2020. During this time period, overall household income increased by 18.5% (inflation-adjusted with the CPI-U-RS). For households with just one earner, income increased by almost the exact same amount (19.1%). Income of two-earner households did increase even more (37.7%), so seeing the full distribution would be very useful.
- ajross 3y agoThe way to address "not knowing anything about the numbers" is to actually look up some numbers and not just pontificate incorrectly. Real median personal income shows essentially an identical curve: https://fred.stlouisfed.org/series/MEPAINUSA672N https://fred.stlouisfed.org/series/MEPAINUSA672N
- Fire-Dragon-DoL 3y agoI haven't pontificated, I asked a question, and I really didn't want or cared enough about the topic to do a search, so I asked the question in case somebody already knew