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Young people in the USA become income losers

Thursday, September 28, 2023 16:02

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A simple graph below shows how it becomes more and more difficult for a young population to get 60% of the current mean income between 162 and 2013. In 1962, only 9 years of work experience was needed to get 60% of the largest mean income among all ages. In 2013, it takes 14 years or 50% more time. For 70%, the difference grows, but people with 15+ tears of work experience (16+15 years of age) are rather not young. The data are taken from the Census Bureau. The relative decrease in income makes the younger population stay longer in their childhood state.

Source: http://mechonomic.blogspot.com/2023/07/young-people-in-usa-become-income-losers.html

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