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In 1980, the American standard of living was the highest among the industrial countries, according to the OECD. Out of the 85 million households in the United States, 64% owned their own living quarters, 55% had at least two TV sets, and 51% had more than one vehicle.
From 1972 to 1978, industrial productivity increased by only 1% a year (compared with an average growth rate of 3.2% from 1948 to 1955), while the standard of living in the United States fell to fifth in the world, with Denmark, West Germany, Sweden, and Switzerland surging ahead. [51]
In the United States the unofficial beginning and ending dates of national economic expansions have been defined by an American private non-profit research organization known as the National Bureau of Economic Research (NBER). The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and ...
As a result of the postwar economic boom, 60% of the American population had attained a "middle-class" standard of living by the mid-1950s (defined as incomes of $3,000 to $10,000 in constant dollars), compared with only 31% in the last year of prosperity before the onset of the Great Depression in 1929.
America's economy has exploded since 1989. Gross domestic product, which measures all of the goods and services produced in a year, grew from $9.9 trillion to $22.5 trillion from 1989 to 2023 ...
The 1860s were a period of growing protectionism in the United States, while the European free trade phase lasted from 1860 to 1892. The tariff average rate on imports of manufactured goods in 1875 was from 40% to 50% in the United States, against 9% to 12% in continental Europe at the height of free trade. [44]
People who are between 60 and 63 have a higher catch-up limit of $11,250 for a total of $34,750 in tax year 2025. ... may still leave many retirees struggling to maintain their standard of living ...
Granted, the name says its focus is the '60s, but the bio adds that there are some images from the '50s, '70s, and '80s. So, maybe we could say it’s a page of vintage interior photos. #13 A ...