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NewEnglandAutumn

(200 posts)
Thu Jul 27, 2023, 07:43 PM Jul 2023

This is why we need Unions [View all]

I looked up average household incomes for the years 1980 and 2013
Then I looked up average home prices for the same years

The average home sold for $47,200 in 1980
The 1980 median family income of $21,020

The average home sales price is $436,800 2023
The average median household income in the United States was $67,521

Homes cost 2.25 x annual income 1908
Homes cost 6.47 x annual income 2023

**these are averages and can be different depending on where you get your information. For constancy I used the same sources for comparison.

I sometimes do the same for cars, appliances etc
American workers fall further and further behind every year
It is no wonder why homelessness is on the rise

I believe that as income disparity increases social unrest and poverty increases.
Income equality is a matter of national security.

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This is why we need Unions [View all] NewEnglandAutumn Jul 2023 OP
Typo. 1980, not 1908 blm Jul 2023 #1
If billionaires BOSSHOG Jul 2023 #2
Capitalism "looks very bad," because it is leftstreet Jul 2023 #5
Roger that teammate! BOSSHOG Jul 2023 #7
DURec leftstreet Jul 2023 #3
In the 1970s I was an airline ticket agent for PoindexterOglethorpe Jul 2023 #4
In High School Mock Senate BOSSHOG Jul 2023 #8
Why average home price and not median? MichMan Jul 2023 #6
Part of the problem is housing costs. LisaM Jul 2023 #9
Up to now, home price appreciation.... Happy Hoosier Jul 2023 #14
Sure. I see the appeal of crossing a picket line to buy something I want, too. LisaM Jul 2023 #16
None near my M-I-L Happy Hoosier Jul 2023 #17
Message auto-removed Name removed Jul 2023 #20
How does one feel grifted by a tax one isn't paying? How do you feel about schools and ... marble falls Jul 2023 #22
Post removed Post removed Jul 2023 #24
Hello. GP6971 Jul 2023 #27
Drawing them out works. marble falls Jul 2023 #31
At the very least GP6971 Jul 2023 #33
As a Banker back in the day, average house prices were in line at 2.5 x the average wage Bev54 Jul 2023 #10
Did you know we have a Labor Group on the DU? Omaha Steve Jul 2023 #11
succinct, factual, and inarguable! bravo! bringthePaine Jul 2023 #12
I don't dispute that the price of housing has gone way up more than household incomes. As have drug raccoon Jul 2023 #13
The house I grew up in was pretty tiny. Happy Hoosier Jul 2023 #15
In my area the only new housing is fugly condo buildings and giant McMansions. Mariana Jul 2023 #30
Post removed Post removed Jul 2023 #18
Hello. GP6971 Jul 2023 #19
I'm thinking, hello, pizza delivery. marble falls Jul 2023 #21
Same here. GP6971 Jul 2023 #26
Message auto-removed Name removed Jul 2023 #28
A little off topic GP6971 Jul 2023 #29
Now that's funny. marble falls Jul 2023 #32
Glad to see this one got removed. I was going to report it, came back, and it was gone. keep_left Jul 2023 #23
Message auto-removed Name removed Jul 2023 #25
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