America's New Economic Elite
Increase in Combined-Salary Couples
Without them, the good life would be out of reach for millions of American families. With their help, families that otherwise would be struggling to make ends meet are enjoying $100,000 homes, $12,000 cars and $5,000 European vacations. Expensive department stores and exclusive restaurants count on their business. They are part of the reason for the upsurge in private school enrollment and the boom in real estate investment.1 Remove them from the picture and a sizable portion of the nation's buying power would disappear.
They are working wives, and today there are over 20 million of them in this country, according to the Bureau of Labor Statistics.2 Two-income families constitute an increasingly powerful economic group. Working husbands and wives ...