Word: medians
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...addict and alcoholic. The two terms mean in essence the same thing: a powerless dependence upon one drug or another, whether the chemical is legal or illegal. Here boundaries blur and melt. "Responsible" adults -- fathers, mothers, bankers, Senators, solid citizens -- become dangerous aliens. Their cars fly across the median in the middle of the night. The high began as a creamy indulgence and ends as a squalid necessity, a fix. The soul begins to die. It passes over into realms of the surreal and savage, into moral blackout and passivity...
...doesn't help that over the past 25 years the cost of housing has jumped 56% and college tuitions have rocketed 87.9% in real dollars. Joseph Minarik, executive director of the congressional Joint Economic Committee estimates that the typical 30-year-old man buying a median-priced home in 1973 incurred carrying costs equal to 21% of his income. By 1987 this had risen to 40%. For the first time since World War II, home ownership among young families is declining. Complains Karen, a 26-year-old housewife in the Chicago area: "You either buy a home, both...
...crunch began with a dramatic falloff in earnings, particularly for blue- collar males. Between 1955 and 1973, the median wage of men leaped from $15,056 to $24,621. Then, quite suddenly, it started to drop. By 1987 the male wage, adjusted for inflation, was back down to $19,859, a 19% decline. To shore up family income, wives have flooded into the labor market, but their earning power is low. In 1988 the average family income was only 6% higher than in 1973, though almost twice as many wives were at work. In many households, one well-paid smokestack...
...economy has long been geared to two-income families; many families could not afford a middle-class life-style without both parents working. The real median income of parents under age 30 fell more than 24% from 1973 to 1987, according to a study by the Children's Defense Fund and Northeastern University. But social programs rarely reflect those economic realities. Growing financial pressure all too often translates into fewer doctors' visits, more stress and less time spent together as a family. Between 1950 and 1989, the divorce rate doubled: 1.16 million couples split up each year. That makes...
...major roadblock now standing before the land bank scheme is a debate over who will receive first crack at the new housing--if and when it is built. The current proposal calls for housing to be built for any family making 80 percent of the Boston area median income of $44,625 a year. Under that plan, preference would be given to families making $22,313 annually, or 50 percent of the median income...