A piece blasting our dismal economic performance over the Bush-Obama years includes this headscratcher,my emphasis:
For decades, the nation's income, measured as GDP, has barely grown overall; on a per capita basis, median household income peaked in 1999;
Say what? "Per capita" is per person; "household income" combines the income of everyone in the household, such as working husbands, wives and teenagers.
And if median household income is stagnant, part of the explanation may lie with social issues, rather than direct economic performance. A guy making $30k marries a woman (ooops, or another guy; sooo cis-normative of me) also making $30k and voila - they become a household earning $60k, thereby providing a slight boost to median household income. If they subsequently divorce (or never marry in the first place) that boost to median household income will be lost.
But are marriage and divorce rates really within the purview of the President's Council of Economic Advisers? Well, a little bit - parts of the tax code can make marriage a poor economic decision.