What? You are clearly in denial or living in a bubble:
US Census report shows entrenched poverty and declining living standards
"The report provides a snapshot of a society in immense crisis. Poverty is at a near-generation high of 15 percent, close to the high point since the 1965 War on Poverty, the 15.2 percent rate reached in 1983. According to Tuesday’s report, 46.5 million Americans, including 9.5 million families, live in poverty.
Some 20.4 million people live on an income less than 50 percent of the official poverty line, 7.1 million of these being children under 18. More than 48 million remain without health insurance.
More than 31 percent of the population experienced some period of impoverishment during the years 2009-2011. Median household income, at $51,017, was slightly lower than in 2011, and down by 8.3 percent from 2007. The number of people 65 and older living in poverty increased from 3.6 million to 3.9 million between 2011 and 2012."
The poverty line is a moving goalpost. People below the 2013 poverty line have more goods and services than the middle class of the 60's and 70's. The mean American with $0-5000 in income consumes $22.7k/year. The mean American in 1967 produced about the same amount (and therefore consumed at most that much, since consumption=production-investment).
This data actually wildly overstates the real consumption of people in 1967, since CPI is a gross overestimate of inflation.
If you believe living standards are declining, please list the set of goods and services that people had more of in 1967 than today. If you are correct, it shouldn't be hard - the answer should be most goods and services.
"People below the 2013 poverty line have more goods and services than the middle class of the 60's and 70's"
I agree they do. However, lots of people no longer have just the dad working. Mum needs to work as well just to get by. And those goods are created oversees and bought for much lower prices. And -last but not least- all those goods are purchased using debt much more than in the 60's/70's.
I find it shocking the US now has more people on foodstamps than people in fulltime jobs. The Bureau of Labor Statistics (BLS) reports there are 97,180,000 full time workers in the private sector. But there are 103.4 million people currently enrolled in any one of 15 subsidized federal food assistance programs. It saddens me to see this.
Thank you for the good conversation, insights and links. You show me "Mom works more but dad works less". It leads me to wonder if Mom works more because dad works less? Full time jobs and Obamacare insurance perhaps?
"Bureau of Labor Statistics data show that the ratio of part-time to full-time jobs has completely flipped this year from historical trends. Last year, six full-time jobs were created for every one part time job. This year, only one full-time job is being created for every four new part-time jobs."
"The report provides a snapshot of a society in immense crisis. Poverty is at a near-generation high of 15 percent, close to the high point since the 1965 War on Poverty, the 15.2 percent rate reached in 1983. According to Tuesday’s report, 46.5 million Americans, including 9.5 million families, live in poverty.
Some 20.4 million people live on an income less than 50 percent of the official poverty line, 7.1 million of these being children under 18. More than 48 million remain without health insurance.
More than 31 percent of the population experienced some period of impoverishment during the years 2009-2011. Median household income, at $51,017, was slightly lower than in 2011, and down by 8.3 percent from 2007. The number of people 65 and older living in poverty increased from 3.6 million to 3.9 million between 2011 and 2012."
http://www.wsws.org/en/articles/2013/09/18/cens-s18.html