Over the past 20-30 years, what changes have occurred that now make it necessary for many households to have two incomes to stay afloat?

Question

Over the past 20-30 years, what changes have occurred that now make it necessary for many households to have two incomes to stay afloat?

In: Economics

Answer 1

Before the 1950s, whole families worked (including kids). It was just this magical era where the US supplied rebuilding materials and equipment while financing the rest of the world. Then the rest of the world caught up and people needed the extra income again.

Then debt was seen as a basic necessity and working for interest became the vicious problem.

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