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Census Bureau statistic on income of a typical American household in 1988 and in 2013 - roughly $51,017
09/18/2013
Inflation in college tution, food, housing and especially medical costs has surged since 1988 and a dollar buys much less in 2013. Average Americans could be considered much better off during the early postwar years in the sixties and seventies than today even though technological progress has made more and newer goods accessible.
Grouped Articles
Americaâs Sinking Middle Class
New York Times 09.18.2013
College Tuition Increases Slow, but Government Aid Falls
Wall Street Journal 10.23.2013
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