During that time period, just about anyone that wanted to get a job could find a job and the U. There was less crime, there was less divorce, the American people had much less debt and the world seemed a whole lot less crazy.
Most of the rest of the world deeply admired us and wanted to be more like us.
In 1950, each retiree’s Social Security benefit was paid for by 16 workers. One of the only things that is constant in life is change.
In 2012, each retiree’s Social Security benefit is paid for by approximately 3.3 workers. Whether we like it or not, America is going to continue to change.
But that doesn’t mean that we should not reflect on how much things have changed over the past 62 years. In 1950, more than 80 percent of all men were employed.
Has the United States changed for the better over the last 62 years?In 1950, the average family spent about 22% of its income on housing.In 2012, the average family spends about 43% of its income on housing.In 1950, the average duration of unemployment was about 12 weeks.In 2012, the average duration of unemployment is about 40 weeks.