By New Strategist Press
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Because an investment in education usually provides substantial monetary rewards, a growing proportion of young adults will pursue a college degree. 1 – – – – Note: “–” means data are not available. html; calculations by New Strategist AMERICAN INCOMES 23 Incomes Fell between 2000 and 2005 for Most Household Sizes Small households have made the biggest income gains since 1980. Between 1980 and 2005, the median income of single-person households climbed by a substantial 30 percent, after adjusting for inﬂation.
0 Note: Beginning in 2002, data for Asians and blacks are for those identifying themselves as being of the race alone and those identifying themselves as being of the race in combination with one or more other races. Hispanics may be of any race. Beginning in 2002, data for non-Hispanic whites are for those identifying themselves as white alone and not Hispanic. “–” means data are not available. html; calculations by New Strategist AMERICAN INCOMES 21 Even the College Educated Have Lost Ground All but one educational group has experienced a decline in median income since 2000.
Html; calculations by New Strategist AMERICAN INCOMES 17 Every Household Type Has Seen Its Income Decline Female-headed families experienced the biggest loss between 2000 and 2005. The median income of American households fell 3 percent between 2000 and 2005, from $47,599 to $46,326 after adjusting for inﬂation. The recession of 2001 and the slow economic recovery were behind the losses. Some households have fared better than others, however. 3 percent for female-headed families. Despite declining incomes between 2000 and 2005, the median income of every household type was greater in 2005 than it was in 1980 or 1990.
American Incomes: Demographics of Who Has Money by New Strategist Press