What has changed in the last 20-30 years so that it now takes two incomes to maintain a household?
In: 3128
Well, honestly, more two income households existing relative to one-income households, which puts more pressure on rent and property values. Without that greater overall purchasing power, those renting and selling would not be able to command the prices that they do now. Think about what happened to gasoline prices during the Covid pandemic: without all those ready gas buyers, prices declined. Only this is in reverse.
Latest Answers