Young families are better educated than ever before, but they are earning lower real incomes, according to a newly-released Federal Reserve Board study. The median family headed by someone under 35 years of age earned $35,509 in 2013 dollars, 6% less, when adjusted for inflation, than in 1989.
Posted 9/13/14 by Andrew Lewis, who wonders if the U.S. really needs to keep allowing in over a million aliens every year to compete with Americans for scarce jobs and drive down wages.