Up until Reaganomics hit, ‘Middle Class’ was defined as one Union job supporting a family of four. In 1980, $1 million was still considered a vast fortune. By the time Bush Sr. left office, middle class was two jobs to keep the house going, and $1 million was what a rich guy paid for a party.
So you remember that American housewives started looking for jobs in big numbers after the Oil Crisis of 1972. Before that, only the poorest people needed two jobs.
It wasn’t normal
Up until Reaganomics hit, ‘Middle Class’ was defined as one Union job supporting a family of four. In 1980, $1 million was still considered a vast fortune. By the time Bush Sr. left office, middle class was two jobs to keep the house going, and $1 million was what a rich guy paid for a party.
I was an adult in the mid 80’s. I was there
So you remember that American housewives started looking for jobs in big numbers after the Oil Crisis of 1972. Before that, only the poorest people needed two jobs.