I find this chart telling.
Why the sexual revolution continues to considered an American success is truly bizarre. It is inescapable; liberalism is breaking America socially and economically.
Cafe Hayek:
As I have written many times, rising divorce rates in the 1970′s for example, meant that the number of households in the US grew 26.7%. Population grew only 11.5%. There was an increase in the number of households as one household became two. If both people were working, that alone would likely decrease median household income. If only one of the spouses was working, it was usually the man. The former wife found herself in the labor force unexpectedly. Her income is likely to be below the median. Both of these effects create new households with incomes below the median, dragging down the median over time.
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