Median Family Income, 1947-97 - PowerPoint PPT Presentation

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Median Family Income, 1947-97

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Median Family Income, 1947-97
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Median Family Income, 1947-97

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  1. Median Family Income,1947-97 $44,568 $40,979 $44,284 $41,051 1947-73 +104% 1973-97 +8.8% $20,102

  2. Growth in Hourly Wages,1947-97 $13.40 $12.28 1947-1973 +79% 1973-1997 -8.0% $7.49 Note: These inflation-adjusted wages are for the approximately 82% of the privately employed labor force categorized as production nonsupervisory workers.

  3. Annual Growth in Family Incomeby Income Group 1947-73 Lower-Middle Income Group Middle Income Group Upper-Middle Income Group Poorest 20% Top20% Note: One-fifth of all families are in each income class. The one-fifth of families with the lowest incomes are in the lowest fifth; the one-fifth of families with the highest incomes are in the highest fifth, etc.

  4. Lower-Middle Income Group Middle Income Group Upper-Middle Income Group Poorest 20% Top20% Annual Growth in Family Incomeby Income Group 1973-97 Note: One-fifth of all families are in each income class. The one-fifth of families with the lowest incomes are in the lowest fifth; the one-fifth of families with the highest incomes are in the highest fifth, etc.

  5. Percent of Workers EarningPoverty-Level Wages,1973-1997 Women 35.3% 28.6% 28.5% All Workers 23.7% 23.5% Men 22.5% Note: A full-time year-round worker with poverty level wages earns insufficient income to lift a family of four out of poverty.

  6. Percent of Workers EarningPoverty-Level Wages,1973-1997 46.7% Hispanics 38.2% Blacks 33.5% 32.8% Whites 24.5% 21.8% Note: A full-time year-round worker with poverty level wages earns insufficient income to lift a family of four out of poverty.

  7. Entry Level Wages of College Graduates,1973-1997 Men $14.82 $14.89 $13.65 $13.44 Women 12.95 $12.20

  8. Entry Level Wages ofHigh School Graduates,1973-1997 $11.10 $10.98 Men $8.34 $8.36 $7.95 Women $6.81

  9. Change in Hourly Wages1973-1997 Men High Wage Median Wage Low Wage

  10. Change in Hourly Wages1973-1997 Women High Wage Median Wage Low Wage