US Median household income from 1967-2008 by race

[phk]

[Bo]

Interesting that the most movement occured during the 1990s.

[memphis]

I think it's worth pointing out that the further to the right you go on the graph, the greater the likelihood that the median household derives its income from more than one earner.

[Ban my account ffs!]

Yes.  Real income for men has fallen since 1973.  The average male over age 15 was making $45,000 in 1973 (in 2002 dollars), but made $40,000 in 2002.

[Gustaf]

Yes.  Real income for men has fallen since 1973.  The average male over age 15 was making $45,000 in 1973 (in 2002 dollars), but made $40,000 in 2002.

You're still talking median here, right?

[Ban my account ffs!]

Yes.  Real income for men has fallen since 1973.  The average male over age 15 was making $45,000 in 1973 (in 2002 dollars), but made $40,000 in 2002.

You're still talking median here, right?

Yes.

[Lief 🗽]

Why are Asians hit so hard (relative to the other races) by recessions?

[Swing low, sweet chariot. Comin' for to carry me home.]

Why are Asians hit so hard (relative to the other races) by recessions?

probably because they're more relective of downturns in I.T.

[phk]

Why are Asians hit so hard (relative to the other races) by recessions?

probably because they're more relective of downturns in I.T.

I just realized that the Asian median is only 3k away from being double the Black median.

[opebo]

I think it's worth pointing out that the further to the right you go on the graph, the greater the likelihood that the median household derives its income from more than one earner.

Yes, which is why household income is an almost worthless statistic.

We need to look at individual wages, which have been falling for the working class for decades.

[Verily]

Why are Asians hit so hard (relative to the other races) by recessions?

Because they're disproportionately represented in recession-prone industries like IT, middle management, law, etc. Blue collar labor is hit disproportionately less by recessions in terms of job losses (although the blue collar sector has the lowest base job gain outside of recessions, so they still lose a lot of jobs).