A Few Rules
> Median family income adjusted for inflation was $29,000 in 1955. In 1965 it was $42,000. Today it’s just over $62,000. We think of the 1950s and 1960s as the golden age of middle-class prosperity. But the median household today has roughly twice the income as the median family of 1955.I mean, sure, but I'm pretty sure the median household income today is from 2 working adults, where 1955 and 1965 are a single working adult.There's also purchasing power, which isn't touched on here. Yes, TVs and such are super cheap compared to that era, but owning a house is nearly out of reach for a family living off $62k/year. In 1955 and 1965 it was completely normal for a single-income family to own a home with a yard, etc.