Why are families so shit at managing their money than individuals? Seems to me that individuals are more productive than families hence their wage growth has been higher with respect to productivity.
>>1837678
>Why are families so shit at managing their money
What does money management have to do with income? Unless you're working at a bank maybe...
>Seems to me that individuals are more productive than families
Really? You think children, elderly, pregnant women, disabled people and housewives might be less productive than singles working full-time? Wow, what a novel insight!
For starters, this graph is about household income, not family income. And personal income and household income are not two seperate things (aka singles vs families) you can simply contrast. Household income includes the personal incomes of everyone who lives there.
Without looking deeper into it, I would rather assume that this is the result of the single lifestyle. Less people start families, less partnerships are long-term and stable. If more people stay single, more households are founded, dragging the average household income down in relative terms compared to personal income.
If A and B live together and each earn $100 in 1993 and $120 in 2015, their household income is $200/$240. But if they split up in 2006, in 2016 you'll have 2 households with only $120 household income, dragging the average down without any impact on productivity (as you seem to claim).
>>1837715
Don't get so salty, anon. It's just 2/10 bait.
>>1837895
Since when are facts and conjecture with a bit of banter "salty"?
>>1837911
Since you entered the cesspool that is 4chan