Part 1 (see: One of the Causes of the Declining US Society – Family Income) concluded:
The decline in family income has been more dramatic since the current recession started, at least since it “Offically” started!
The impacts of the stagnant and declining family income will be covered in the next article. Will close this article by leaving a question with you:
How many of your politicans have you heard discussing why family income has been stagnant or declining for decades?
The answer to this question is very few, if any. So lets take a further look at the impacts, since our fearless (corrupt?) elected officials do not have the courage to present the Truth.
|The upper curve in this chart shows that married-couple families with the wives in the labor force increased their inflation-adjusted family incomes during the past 25 years.
The lower curve shows inflation-adjusted family incomes were stagnant to falling where the wives were not in the labor force, which reflects stagnant to falling real income of full-time working males during that period. That’s a sharp departure from pre-1970 when wives could stay home and still family incomes rose twice as fast as inflation.
Although this chart clearly shows the motivation factor for wives entering the work force more than ever before, still these working wives only increased their family incomes over that 25 year period only about 0.8% per year ahead of inflation. Even that increase is way below what families were doing with but one wage earner prior to 1970 (as seen in the chart at the top of this report). Additionally, this meager gain is even more meager when we recognize that today’s average female has more ‘education’ than prior generations, plus have the capacity to earn more than pre-1970 woman.
Of course, the lower curve shows a net decrease in income of families with non-working wives of about 0.2% per year below inflation.
Its clear that even married-couple families are under pressure, compared to prior generations.
Too many of our younger readers born lower down the slippery slope, the above chart may mean very little. For most of the life of a majority of younger folks, the typical household in which there were two parents – both worked. Many or at least some probably believe that is the way it has always been and is the normal state of the world.
Those born a bit further up the slippery slope know from experience that this a change of the last few decades.
At this point, some will be saying “So What?”
To these folks Hillary Clinton’s “it takes a village to raise a child” is a desirable approach. Some will say that believing that it is desirable for young children to have a full time Mother is old fashioned discrimination against women. Same sex marriage proponents will say two females or two males are better than a full time Mother and Father. And so on …
Others will say that this direction is wrong and is contributing to a breakdown of the Family which is detrimental. Divorce rates, illegitimate births, single parent households, increased suicide and drug usage rates, increased reliance on government support and so on are the fruit of this situation. These folks will recognize the signs of a declining or sinking society.
If the former group become a large enough portion of society some day the country will even elect a President who openly supports a redefinition of marriage and if successful the trend will become irreversible.
This where our country is today. The two worldviews are becoming less compatible. There is no question about which view was used as the basis for the founding of this country. I hope that this article series gives you enough information for you to consider where you stand. Do you believe that the Family is the cornerstone of society – or – do you believe that the generations that built the most prosperous nation in modern times were just old fashioned and are out of touch?
The next part will address some other impacts of stagnant and declining family income. In the meantime take a few minutes and read some of the Grandfather Reports, it will be time very well spent.
To be continued:
Originally posted at: One of the Causes of the Declining US Society – Family Income (part 2):
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