In the early 1960s 19.5% of Americans lived on less than $9,269 per year (in 2017-dollars). Today only 2.3% do.

Read the Story

Show Top Comments

The main issue with this paper is that it counts the profits of the health care industry as income for low income people. The various Census Bureau poverty measures still show around 40 million people in poverty if you don’t assign health care industry profits to them.

bd_econ

Is this better or worse when you consider that most women didn’t work in the 60s?

Birbman3

Which is why these narratives get so tired after a while

sportsarefun918

In the 60s the average person in the world has never ridden in a car. Today anyone with Wikipedia have access to more knowledge than anyone single person in history.

Idje4dj

so 2.3% of Americans make less than 9.3k per year, and 44% make 18k or less per year….. that seems incredibly unlikely to me. Note that i’m saying that 44% make less than 18k per year is BS not that this number is BS

Ledmonkey96