> Affluent families in 1960: 95%
> Working class families in 1960: 95%
> Affluent families in 2005: 85%
> Working class families in 2005: 30%
Ok. Maybe that has something to do with this:
More than six out of every ten American households (64.7%) in the bottom fifth of households by income had no earners in 2020. In contrast, only 4.5% of the households in the top fifth of households had no earners last year, providing more evidence of the strong relationship between average household income and income earners per household.
>bottom fifth of households by income had no earners in 2020
Can we not use covid era numbers?
A whole bunch of people were earning more money by not working during and taking unemployment during covid. You can't make social conclusions about economics during those distorted times.
> Affluent families in 1960: 95% > Working class families in 1960: 95%
> Affluent families in 2005: 85% > Working class families in 2005: 30%
Ok. Maybe that has something to do with this:
More than six out of every ten American households (64.7%) in the bottom fifth of households by income had no earners in 2020. In contrast, only 4.5% of the households in the top fifth of households had no earners last year, providing more evidence of the strong relationship between average household income and income earners per household.
https://www.aei.org/carpe-diem/explaining-us-income-inequali...