Replies to post #177835 on Tornado Alley (PROG)

[StephanieVanbryce]

A two-income family today is poorer than a one-income family was in the 1970s

Posted on June 23, 2012

“On several occasions, I have glibly referred to how it now takes two spouses working to equal the wages of a one-income family of 40 years ago. Unfortunately, that is now an understatement. In fact, Western wages have plummeted so low that a two-income family is now (on average) 15% poorer than a one-income family of 40 years ago.” — Jim Nielson | The Street
[ http://www.thestreet.com/story/11480568/1/us-standard-of-living-has-fallen-more-than-50-opinion.html ]

http://underthemountainbunker.com/2012/06/23/a-two-income-family-today-is-poorer-than-a-one-income-family-was-in-the-1970s/