Table 2.1
Average family income, by income group,1947–2014 (2015 dollars)
| Real money income, by fifth | Breakdown of top fifth | ||||||
|---|---|---|---|---|---|---|---|
| Year | Bottom | Second | Middle | Fourth | Top | 80th– < 95th percentile | Top 5 percent |
| 1947 | $8,232 | $19,593 | $27,990 | $38,033 | $70,797 | $55,979 | $115,251 |
| 1979 | $18,274 | $39,509 | $59,584 | $82,031 | $140,701 | $118,178 | $208,270 |
| 1989 | $17,474 | $40,654 | $63,158 | $90,867 | $171,094 | $136,766 | $274,078 |
| 1995 | $17,412 | $40,117 | $62,810 | $91,899 | $184,632 | $140,627 | $316,645 |
| 2000 | $19,438 | $44,443 | $69,849 | $102,944 | $215,986 | $160,404 | $382,730 |
| 2007 | $18,370 | $43,791 | $70,246 | $105,043 | $213,249 | $163,674 | $361,973 |
| 2014 | $16,130 | $40,732 | $66,982 | $103,243 | $217,291 | $166,207 | $370,546 |
| Average annual change | |||||||
| 1947–1979 | 2.5% | 2.2% | 2.4% | 2.4% | 2.2% | 2.4% | 1.9% |
| 1979–1989 | -0.4% | 0.3% | 0.6% | 1.0% | 2.0% | 1.5% | 2.8% |
| 1989–1995 | -0.1% | -0.2% | -0.1% | 0.2% | 1.3% | 0.5% | 2.4% |
| 1995–2000 | 2.2% | 2.1% | 2.1% | 2.3% | 3.2% | 2.7% | 3.9% |
| 2000–2007 | -0.8% | -0.2% | 0.1% | 0.3% | -0.2% | 0.3% | -0.8% |
| 1979-2007 | 0.0% | 0.4% | 0.6% | 0.9% | 1.5% | 1.2% | 2.0% |
| 2007–2014 | -1.8% | -1.0% | -0.7% | -0.2% | 0.3% | 0.2% | 0.3% |
Note: 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)
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