By New Stragetist Editors

ISBN-10: 1885070683

ISBN-13: 9781885070685

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Extra info for American Incomes: Demographics of Who Has Money

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In contrast, couples head only 31 percent of black households. Female-headed families—one of the poorest household types—account for 30 percent of black households. The median household income of Hispanics is higher than that of blacks for one reason only—a larger share of Hispanic households are headed by married couples (55 percent), boosting their overall median to $33,103. In fact, however, Hispanic married couples have much lower incomes than black couples ($40,322 for Hispanics versus $52,141 for blacks).

All but one age group saw its median income decline between 2000 and 2002 as the recession of 2001 cut jobs and incomes. Median household income fell 3 percent for the average household during those years. 8 percent after adjusting for inflation. Behind the rise for this age group was the growing labor force participation rate among older men. Although median household incomes were lower in 2002 than in 2000, they were still significantly above the levels of 1980 and 1990. The youngest householders experienced the biggest gains between 1990 and 2002.

3 percent, after adjusting for inflation. 9 percent during those years. But for married couples in which the wife works full-time, household income continued to climb despite the recession. 6 percent between 2000 and 2002. 4 percent decline for couples in which the husband works full-time and the wife does not work. 6 percent drop. Since 1990, the median income of married couples in which both husband and wife work full-time has grown twice as fast (up 14 percent, after adjusting for inflation) than that of couples in which only the husband works full-time and the wife does not work (up 7 percent).

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American Incomes: Demographics of Who Has Money by New Stragetist Editors


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