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  • 02-12-2021
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How has average income changed since the 1950s.

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fonzoglass665
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  • 02-12-2021

Answer: Both mean and median family incomes in constant dollar terms have more than doubled since the 1950's thanks to a combination of factors including for example the aforementioned increase in hourly earnings as well as an increase in the labor force participation rate, especially among women.

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