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MikeDunnAuthor
@MikeDunnAuthor@kolektiva.social  ·  activity timestamp 2 weeks ago

In 1950, median INDIVIDUAL income was $1,971. A median home cost $7,354. The nation spent about $83 per person for healthcare. A four-year college degree cost $852.

Do the math. 3.73 years of work to buy a house. One week of work for healthcare. Less than two months for a college degree.

In 2023, median personal income was $42,220. A median home costs $429,000. Healthcare runs $14,570 per person per year. A four-year degree costs nearly $40,000.

10.16 years of work to buy a house. Twelve weeks of work for healthcare. More than ten months for college.

https://www.americasundoing.com/p/it-works-if-you-work-it

#workingclass #classwar #poverty #wealthgap #capitalism #inflation

Table comparing the growth of median income vs purchasing power from 1940 to 2023, showing a steady decline in purchasing power over that period.
Table comparing the growth of median income vs purchasing power from 1940 to 2023, showing a steady decline in purchasing power over that period.
Table comparing the growth of median income vs purchasing power from 1940 to 2023, showing a steady decline in purchasing power over that period.
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