The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Skeeter Bug who wrote (8808)	2/14/2003 12:42:52 PM
From: GraceZ	Read Replies (2) of 306849

elroy, please don't disregard the importance of the shift from a single wage earner to two or more wage earners per family. OK, if you don't ignore the fact that previous to Ozzie and Harriet the majority of families had more then one income earner, most more then two. Think back to when the primary business occupation in this country was farming. The farm wife performed most of the business aspects (still do), while the husband and children performed the manual labor necessary to run the farm. If you were merchant class it was largely the same sort of thing, the wife did the books while the children worked in the store. It was only the idle rich who could have a wife whose only duties included that of raising the children and running the household. The fifties were an exception, not the rule. I would dare say there might be a higher percentage of single worker families now then there was in 1900. It's hard to track because the wife's contributions are hard to track when she works in a family business. It's easier to track when she works outside the family biz.

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