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In reply to the discussion: Why can’t we see that we’re living in a golden age? [View all]Cal33
(7,018 posts)16. "Income per household has increased by more than 30% since 1970..." 30% in 46 years averages
out to two-thirds of 1% per year. I think inflation alone is much higher than that -- which comes to
about 2% to 3% per year. We are earning less and less, not more!!
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Why are you against people having clean water and getting out of extreme poverty?
Recursion
Aug 2016
#5
"Income per household has increased by more than 30% since 1970..." 30% in 46 years averages
Cal33
Aug 2016
#16
So that says the middle class has shrunk because more people are upper income
Recursion
Aug 2016
#49
Probably because all the gold is in only a few places and its hoarders refuse to share
Warpy
Aug 2016
#52
Since I make less in real dollars much less adjusting for inflation than I did 12 years ago
TheKentuckian
Aug 2016
#64