And the difference went to fill the coffers of the rich.
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The most disturbing stat is that our contempt for the rich hasn’t really multiplied at all.
The only thing I disagree with in this post is using the average cost of an Ivy League education. If they're comparing averages, either use all higher education or state universities.
But this guy will make it great again, surely.
But screens have gotten cheaper per unit of area!
This is surely not the reason here, but at least cars have gotten a lot more complex, and the possibilities of health care have also increased a lot. So not all of this increase goes into rich people's pockets. But likely still quite some.
Cars are more complex so that they can spy on you, steal your data, and make even more money as data brokers.
55k sounds really low for a family income. Is that per person?
Federal minimum wage is $15,080 assuming you work 40 hours a week and never get sick or take time off.
$55,000 is two people working $13.22 or a single person working $26.44