finance - A Median family income by race and ethnicity 1947-2010(2011 dollars Family money income differs significantly by racial and ethnic group Table

finance - A Median family income by race and ethnicity...

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A) Median family income, by race and ethnicity, 1947-2010(2011 dollars) Family money income differs significantly by racial and ethnic group. Table below shows real median family income by race and ethnicity for business cycle peaks, as well as for 1995, and 2010. It also shows income earned by black and Hispanic families as a share of white median family income. Between 1947 and 1969, the relative incomes of African American families rose substantially—from 51.1 percent of white family incomes to 61.3 percent. In the 1970s and 1980s, this relative progress reversed and, by 1989, the median income of African American families was only 56.2 percent of median white family income. However, rapid growth in the 1990s pushed this relative income to a historic high of 63.5 percent by 2000, an increase of 7.3 percentage points over the 1989 level. But by 2007 this relative income had declined to 62.3 percent, and by 2010 it was down to 61.0 percent. In 2010, median income was $65,138 for
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  • Spring '11
  • Household income in the United States, Median family income, family income

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