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this post was submitted on 26 Aug 2023
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DeSantisThreatensUSA
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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.
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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.