balderdash@lemmy.zip to memes@lemmy.world · edit-27 months agoBygone Eralemmy.zipimagemessage-square108fedilinkarrow-up1913arrow-down142
arrow-up1871arrow-down1imageBygone Eralemmy.zipbalderdash@lemmy.zip to memes@lemmy.world · edit-27 months agomessage-square108fedilink
minus-squareI_Fart_Glitter@lemmy.worldlinkfedilinkarrow-up5·7 months agoThat’s not the issue. Average annual household income in the US in 1980 was $20,020- 42% of a house (average cost of a house in the US in 1980 was actually $47K). https://www.census.gov/library/publications/1982/demo/p60-132.html Average annual household income in the US in 2022 was $74,580- or 18% of a $412K house. https://www.census.gov/library/publications/2023/demo/p60-279.html
minus-squareTheFrogThatFlies@lemmy.worldlinkfedilinkarrow-up6·7 months agoAnd “household income” definition also changed: at the time the most common was that only the man of the household was working. So I’d say we are down to a quarter of what was earned then.
That’s not the issue.
Average annual household income in the US in 1980 was $20,020- 42% of a house (average cost of a house in the US in 1980 was actually $47K).
https://www.census.gov/library/publications/1982/demo/p60-132.html
Average annual household income in the US in 2022 was $74,580- or 18% of a $412K house.
https://www.census.gov/library/publications/2023/demo/p60-279.html
And “household income” definition also changed: at the time the most common was that only the man of the household was working. So I’d say we are down to a quarter of what was earned then.