Analyse @JosephPolitano's tweets
@JosephPolitano
| 58,603 followers
The US in 1950 had a GDP per capita of $15,000 2012 USD, which is 1/4 of current US output and roughly equivalent to output of Argentina/Poland/Turkey.
Material wealth in the US is much, much higher today than in 1950. We spent 1/5 of our income on groceries as recently as 1960 https://t.co/wNeC7KCppI
Material wealth in the US is much, much higher today than in 1950. We spent 1/5 of our income on groceries as recently as 1960 https://t.co/wNeC7KCppI