Figure 1E

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

Note: The figure shows the paths of income growth projected by a model based on the relationship between income growth and the unemployment rate from 1948 to 2010, using forecasted unemployment rates from the Congressional Budget Office and Moody's Analytics. Data are for money income.

Source: Authors' analysis of Current Population Survey Annual Social and Economic Supplement Historical Income Tables (Tables F-2, F-3, F-5), Congressional Budget Office (2012), and Moody's Analytics (2012)

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