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Old 05-25-2007, 08:58 PM
 
Location: Tennessee/Michigan
28,207 posts, read 47,602,006 times
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Report reveals that American men in their 30s earn less than their fathers did, as family income growth decelerates.

NEW YORK (CNNMoney.com) -- American men in their 30s are earning less than their father's generation did, challenging a long-held belief that each generation will be better off than the one that preceded it, according to a new study published Friday.

The report, the first in an ongoing 18-month study on economic mobility in the United States, also revealed that the income growth of the median American household is declining.

http://money.cnn.com/2007/05/25/pf/m...ex.htm?cnn=yes
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Old 05-26-2007, 12:37 AM
 
Location: WA
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At first I thought that had to be wrong, but when I calculated my father's top salary against mine factoring inflation, his peak in the 60's was higher than mine in the 90's. The fact that I had a working spouse, fewer kids, and was a better money manager resulted in me having a far higher standard of living.
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