Who Makes More Money in America?
The money earned by American households has grown enormously since 1967, when President Lyndon Baines Johnson was still in office and the hippie generation was celebrating its so-called Summer of Love.
The median household income in the United States that year was $50,803 in constant 2021 dollars, according to the Census Bureau's newly released annual income report.
Last year, according to the Census Bureau, the median household income was $70,784 in constant 2021 dollars (after dropping from the pre-pandemic high of $72,808 it hit in 2019).
In the 54 years...