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re: I'm sick of people saying the middle class is worse off than 4 decades ago.
Posted on 3/14/17 at 9:55 am to 50_Tiger
Posted on 3/14/17 at 9:55 am to 50_Tiger
quote:Household income has been dropping recently even though wages, while not great, have gone up.
Household income in total income generated by a home. That includes all patrons. So that 19.30/hr number becomes even more cringe worthy if you are assuming 2 or more person income level.
Looking back at my post regarding marriage rates, do you grasp it yet?
Here. I'll help.
If you had 100 people. Each make 1000 a year. There are 50 men and 50 women. They're all married.
What's the household income?
Now, make 25 of them get divorced.
Change nothing else.
Tell me their household income.
Posted on 3/14/17 at 10:01 am to ShortyRob
quote:
Household income has been dropping recently even though wages, while not great, have gone up.
Looking back at my post regarding marriage rates, do you grasp it yet?
Here. I'll help.
If you had 100 people. Each make 1000 a year. There are 50 men and 50 women. They're all married.
What's the household income?
Now, make 25 of them get divorced.
Change nothing else.
Tell me their household income.
1 person makes 1k a year. A married couple makes 2k /yr joint. There household income is 2k.
50 couples* 2k = 100k total population income
50 couples @ 2k/yr household income = 100k married pop
25 men @ 1k/yr household = 25k
25 woment @ 1k/yr household = 25k
Total single pop household income = 50k
The total population income is still 100k
However, the 25 men and women who divorced saw their household income drop 50%.
So you are implying that divorce is the number one contributor to economic downfall?
edited: math error
This post was edited on 3/14/17 at 10:06 am
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