The Poor Today are Better Off than the Average Person of 1971

…Professor Horwitz keeps track of the lifestyle of the poor over the years, and helpfully compares it to the average lifestyle of all Americans in 1971…

Posted by Charlie Quidnunc
Published: November 27, 2009

The overall lesson is clear: lives for Americans below the poverty line continue to get better in terms of what they are able to put in their households and have to make use of everyday. And do note that the average American household in 2005 was doing much better than its 1971 counterpart. MUCH better – and this doesn’t even count medical advances and the like. So whatever one hears about stagnating wages and the like, the bottom line is ultimately what we can afford to buy and have in our households to improve our lives. By those measures, life for the average American is better today than 35 years ago, life for poor Americans is much better than it was 35 years ago, and poor Americans today largely live better than the average American did 35 years ago. Hard to square with a narrative of economic stagnation or decline.

Read the whole thing.

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