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The Calvert-Henderson Income Indicator focuses on trends in the standard of living as reflected in monetary measures of family income. The trends in the level and distribution of family income since 1947 are explained with a particular focus on what has been the key determinant of family income trends – changes in hourly wages. Growing income inequality since 1973 is explored, along with changes in people’s wealth holdings. The Income Indicator offers a provocative and thoughtful way to assess our economy’s performance in raising living standards during the economic boom of the 1990s.
Income Expert: Lawrence Mishel, Ph.D.