Where have the good days gone? In the 1950s everything was so simple. You had your little house, one car, and everything was affordable. Today, everything seems to be too expensive and there are millions of people living in poverty.
Could it be the two income trap? The two income trap basically means that today we almost have to live off two incomes for a family, but if one of those incomes disappears we’re screwed, hence the trap.
This infographic illustrates the two income trap as well as comparing the 1950s to today.
[Click image for full size version]
Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide and virtually, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-present. He joined the SXSW advisory board in 2019.
