Originally Posted by PaulMason
True - but in the 60s and 70's it only took one wage earner to do that; now two as you say.
Do your homework - research 1960s to now
Percent of workers covered by defined pension plans
percent of workers provided with health benefits
wages & inflation
Which is the Catch-22. All the good paying manufacturing jobs have moved to Mexico and then to China, which lowered average earnings, but also made products cheaper to buy. Decades of raiding Social Security and pension funds kept taxes lower than they should have been and also offset lower paying jobs.