U.S. Median Income Growth Rate
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A U.S. Median Income Growth Rate is a median income growth rate for a U.S. median household income.
- Context:
- It can range from being a Annual U.S. Median Income Change Rate, to being ...
- It can range from being a Raw U.S. Median Income Change Rate to being an Inflation-Adjusted U.S. Median Income Change Rate[1]
- Example(s):
- It has been ~0.27% since 1976.
- …
- Counter-Example(s):
- See: U.S. Labor Market.
References
2014
- (Sakir, 2014) ⇒ Salman Sakir. (2014). “Why It’s Bad When a Country’s GDP Grows More Than the Income of Its People." personal blog post.
- QUOTE: ... During the same period, CPI-adjusted median income increased from US $43,558 in 1967 to US $52,646 in 2010 according to US Census Bureau data. This yields a CAGR of 0.44 percent. It means that while GDP grew on average by 2.9 percent per year, CPI-adjusted median income increased by only 0.44 percent per year. There has been clearly a divergence in GDP growth and median income growth.
- NOTE: The comparison should be against per Capita GDP growth not GDP growth which does not account for population changes.
2013
- http://en.wikipedia.org/wiki/Household_income_in_the_United_States#Before_2010
- The following table shows the evolution of US household income at the 20th, 50th, 80th and 95th percentile from 1967 to 2011, in 2011 constant (CPI-U-RS adjusted) dollars.[1] The final column shows the average change per year from 1976 to 2011.
| Percentile | 2011 | 2009 | 2006 | 2003 | 2000 | 1997 | 1994 | 1991 | 1988 |
|---|---|---|---|---|---|---|---|---|---|
| 20th | $20,262 | $21,446 | $22,349 | $21,992 | $23,404 | $21,517 | $20,148 | $20,227 | $20,794 |
| 50th | $50,054 | $52,195 | $53,768 | $52,973 | $54,841 | $51,704 | $48,418 | $48,516 | $49,737 |
| 80th | $101,582 | $104,857 | $108,239 | $106,228 | $106,790 | $99,900 | $94,304 | $91,407 | $92,427 |
| 95th | $186,000 | $188,744 | $194,111 | $188,470 | $189,665 | $176,817 | $164,806 | $155,246 | $156,454 |
| Percentile | 1985 | 1982 | 1979 | 1976 | 1973 | 1970 | 1967 | Per Year |
|---|---|---|---|---|---|---|---|---|
| 20th | $19,816 | $18,798 | $20,211 | $19,426 | $19,895 | $19,063 | $17,663 | .12% |
| 50th | $47,079 | $45,139 | $47,527 | $45,595 | NA | NA | NA | .27% |
| 80th | $86,867 | $81,456 | $83,730 | $79,322 | $81,498 | $75,783 | $69,710 | .71% |
| 95th | $143,530 | $134,461 | $135,296 | $125,794 | $130,989 | $119,792 | $111,866 | 1.12% |