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The average American family made how many times more than the average family in Europe?

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Final answer:

The question lacks a specific reference point for European family income, making it impossible to determine how many times more the average American family made compared to the average European family. Data from the 1960s and 2020 show significant growth in average American family income, as well as income disparities. A detailed comparison would require access to corresponding European data.

Step-by-step explanation:

The question does not provide a specific time frame or a direct comparison point for average American family income versus that of a European family. However, looking at various historical data points gives us some context. For instance, in the 1960s, the American economy experienced significant growth, with the average family income rising by 33 percent. Despite this growth, substantial income inequality persisted, particularly between white and black families in the U.S. By 1960, the average white family earned $28,485 a year, while black families earned $15,786.

These disparities are also reflected in more contemporary data. By 2020, the median American household income was $67,521. Such income levels contribute to a diverse material culture and standard of living which could vary significantly when compared to European standards, depending on the region of Europe and the particular point in time considered for comparison.

Without a specific reference point for European family income, answering how many times more the average American family made compared to the average European family is not feasible with the information provided. It would require access to more detailed data on European incomes during the same time frames for a precise comparison.

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