Did that headline get your attention? I sure hope it did and here’s why.
The median household income in 1989 was $51,682.00. How much was it in 2012? The median household income for 2012 was $51,017.00. That’s $665.00 less than it was 23 years ago. It is also noteworthy to mention that in 1989 the Federal Minimum Wage was $3.35 per hour compared to the current $7.25 per hour. Have you even considered inflation at this point? On average, gas was $1.12 per gallon in 1989.