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So much for "progress"
(lemmy.world)
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this post was submitted on 30 Dec 2024
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Also was the 1971 household income number a single income or dual income like today? If not dual then we are working twice as muchh to make the 5.5x increase
I hate the "household income" statistic for this exact reason. It obfuscates the number of people working. Not just both parents but also adult children living with their parents and working.
If you look at Canada's single income household data from 2000-2020, the average income for males went from $30k to $34k CAD and females were roughly $17k to $25k. I would bet the US wages went up by a similar amount.