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

finance - Yatsenko Viktoriya A Median family income by race...

This preview shows page 1 - 2 out of 2 pages.

Yatsenko Viktoriya 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
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Spring '14
  • Household income in the United States, 0.0%, 3.8%, $39,715, $40,785, $65,138

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes