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You also missed the huge transition from one-earner to two-earner households.
You also missed the huge transition from one-earner to two-earner households.
I'd frame that as a one-time transition from the 1960s to the 1980s, but things have been getting progressively worse for wage-earners from the 1990s onward as well.
Which coincides with a large increase in bankruptcies due to the "two-income trap."