141
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Aug 2023
141 points (96.1% liked)
DeSantisThreatensUSA
737 readers
1 users here now
About
Florida Governor Ron DeSantis aspires to be the same kind of Autocrat despised by the founders of the United States. He must be exposed for what he is: a great threat to our Democratic Republic and American values. Republicans don't punish big businesses like the Walt Disney Company for disagreeing with them. Fascists do. DeSantis and those like him are a massive threat to our Democracy.
Rules
-
Nazis and Putin sympathizers are not welcome here.
-
The tolerant, open-minded and freedom-loving ARE welcome here. Glad to have you good people : )
-
Attack the media and expect to be banned. There is a good reason why the press is included in the First Amendment. If you cannot respect the vital role that an independent media plays in terms of checks and balances, this isn't the right group for you.
-
Be respectful of our differences, whether it's race, religion, gender or sexual orientation.
-
No Spam, Threats, Harassment or Doxing of any kind.
-
No trolling, disinformation, or low effort posts / comments.
Social Media
Other Communities
founded 1 year ago
MODERATORS
Shit, this has been true since I was a child in the 80's. Single-income households have been rare for decades. Currently, from my understanding, two adults with full-time jobs can't make as much money as a single-income family made in the 50's, after adjusting for inflation. I don't think any politician is every going to fix this. It's not in their best interest, it's not in the best interest of large corporations, and it's not in the best interest of the stock market.
Hmm, since the 80s. So Reaganomics?
Yeah, Reaganomics.
My parents were able to get in by with just my dad working as an electrician for a power plant, meanwhile I needed their help with the down payment so I could get a mortgage and currently floating with one income, if you count the continued use of a credit card to get groceries. Never mind the fact its got 20k+ on it. Aside from the basic utilities we have internet. No cable, no streaming services. Then god forbid either one of our cars needs extensive repairs or just gives up the ghost. My car is 15 yo and the wife’s car is now 10…would be sitting pretty without the credit card, roof loan and student loans my wife and i have.
I’d consider bankruptcy but that also costs money to do and would cost a lot more money in the long run. Man, I’m 40 and just tired of this grind.
Back of the envelope math, the median American income today is about $54,000. So assuming dual income, 108,000 household income the median household income is about $70,000. So we’re looking in about that range.
Adjusted for inflation in 1955 money (right in the middle), that’s about $10,000 to $15,000.
The household income in 1955 is $4,400 or $50,300 in current money.
adjusting for inflation doesn’t give you the full picture. things like car prices, college tuition, and housing prices have skyrocketed since 1955.
for example, the united states census data listing values from 1940 to 2000 (ie the cutoff was 20+ years ago and before the housing market disaster) shows that adjusted for inflation, housing prices have quadruped since 1960. there’s a link to a table containing unadjusted values. it shows that in 1950, the median household price was $7,354. in 2000, it was $119,600.