Joel Schaefer

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affluence in 1963 meant enough money to afford a somewhat higher standard of living than other people, not a markedly different lifestyle. In 1963, the median family income of people working in managerial occupations and the professions was only about $62,000 (2010 dollars, as are all dollar figures from now on). Fewer than 8 percent of American families in 1963 had incomes of $100,000 or more, and fewer than 1 percent had incomes of $200,000 or more. This compressed income distribution was reflected in the residential landscape. In 1963, great mansions were something most Americans saw in the ...more
Coming Apart: The State of White America, 1960-2010
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