Figure K

Change in real family income of the middle fifth, actual and predicted, 2000–2018

* Path of income growth projected by a model based on the relationship between income growth and the unemployment rate from 1948 to 2010.

Note: Data are for money income.

Source: Authors' analysis of Current Population Survey Annual Social and Economic Supplement Historical Income Tables (Table F-2, F-3, F-5) and analysis based on forecasted unemployment rates from The Budget and Economic Outlook: Fiscal Years 2012 and 2022 (Congressional Budget Office, 2012) and Moody's Analytics

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