5/ Society keeps climbing upwards. Wagon wheels are reinvented, water wheels are built, looms and glass kilns. It is now 40 years after The War and life is MUCH better than it was a mere 20 years after the war. Gen One owns 70% of the wealth Gen Two owns 30% of the wealth
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16/ average US HOUSEHOLD income in 1977 was $13,570; so that wage number is nonsense. use inflation tools: $55k house = $235k (check) $13k = $58k (check) avg house size 1977 = 1660 ft^2 in 2020 = 2,687 ft^2https://twitter.com/Wyrm_00_/status/1313864121625047040 …
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The fact is your example has nothing to do with what actually happened. Boomers were born into a functioning country with a great economy. Everybody else, not so much. This distribution reflects a nation in decline, not an expansion.
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That’s possible! But we need more data than is contained in this one graph to tell that story convincingly. Too many possible explanations here.
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