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by ALittleLight
1515 days ago
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The portion of double income households more than doubled between 1960 and today[1]. The middle class is working more because they want to, or because they need to? Purchasing power for the average worker is flat[2]. In some sense, it's like the middle class has been working for fifty years without a raise, only now two people in the household need to work. That fewer people are getting married or having kids is likely not because human nature shifted in the past few decades, but probably because their lives are not going well or developing properly. 1 - https://www.pewresearch.org/ft_dual-income-households-1960-2...
2 - https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us... |
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That “flat” wage is accounting for inflation according to your own link. So not only would a single earner be doing just as good today as back then, adding a second income means they are raking in twice the spending power as back then.
The only thing that has changed are expectations. People want way bigger houses, nicer cars, computers, smart phones, more meat, dental care, better medical care, etc. Worst of all (from a financial perspective), they want both of their average kids to spend 4 years at an expensive university.