2 ms·
Perhaps it would be worth considering that in 1955 household income was generally earned by fewer household members than it is today. Probably close to 1/2. W
by datashovel 11y ago
Perhaps it would be worth considering that in 1955 household income was generally earned by fewer household members than it is today. Probably close to 1/2. Would it be safe to assume, then, that's approximately how much less the average household bread winner earns in today's world?
EDIT: Here's a fancy chart I just found, thought it might be useful to make the point:
http://www.bls.gov/opub/ted/2000/feb/wk3/art03.htm http://www.bls.gov/opub/ted/2000/feb/wk3/art03.htm
Also I'm not sure if it's a typo, but your comparison between "average income" in 1955 and "median household income" today seems to hurt, not help your point.