Final answer:
In the 1950s, America saw increased prosperity, evidenced by higher homeownership, consumerism, and luxury goods becoming more affordable, all underpinned by steady employment and improved family incomes.
Step-by-step explanation:
The 1950s in America were marked by a significant rise in prosperity and the establishment of a robust middle class. Signs of this economic prosperity included the surge in homeownership rates, increased consumerism where buying not renting homes became commonplace, and the luxury of owning multiple cars and fully stocked, new refrigerators. Additionally, the ability to pay off debt while avoiding new debts, except for major purchases, and the possibility of owning vacation homes evidenced the heightened standard of living. Material goods such as cars and household appliances became more affordable due to mass production, and consumer credit systems like credit cards and installment plans made it easier for families to purchase these items. Steady employment, higher family incomes, and access to higher education also contributed to a significant improvement in Americans' lifestyle during this time.