The broadest and most accurate measure of living standards is real per capita consumption.
FORBES: The Equality Of Reaganomics
From 1973 to 2004, about 30 years, such real per capita consumption in America nearly doubled.
Over 75 years, 1929 to 2004, real per capita consumption by American workers increased by 5 times, and even faster since 1961 than before.
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