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Originally Posted by Antitrust32
so only one person is working in your definition of a family? with two incomes and one teacher being 50-60k the house hold income would be more like 90-120k
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You make my point. Real middle class wages have completely stagnated in this country over the past 50-60 years. They have not risen, they have fallen.
In the 1950's-1960's, yes, the father worked, the mother stayed home and raised the kids.
In the 1960's-1970's, that changed, and the mother had to go to work to afford the same lifestyle.
In the 1970's-1980's, Americans put that lifestyle on a charge card, if they wanted it, with two incomes.
In the 1990's, Americans mortgaged their homes to maintain that 1950's middle class lifestyle.
2011- the economy crashed. There is hardly any middle class left. They have no more money or credit to spend. The wealth disparity in this country is the greatest it's ever been.
http://motherjones.com/politics/2011...ca-chart-graph
(A great page of data explaining this nation's current troubles)
Quote:
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A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
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Get that last sentence: the average income of
the bottom 90% of Americans is $31,244.
That's ... not first world country income.
