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Table 1:

Household Income of Quintiles, 2002-2005

(2005 Dollars)

 

 

 

Change, 2002-2005

 

2005

2002

Dollars

Percent

Poorest 20%

10,655

10,845

-190

-1.8%

Second 20%

27,357

27,572

-215

-0.8%

Third 20%

46,301

46,462

-161

-0.3%

Fourth 20%

72,825

73,085

-260

-0.4%

Richest 20%

159,583

156,038

+3,545

+2.3%

Source: Census Bureau, "Income, Poverty, and Health Insurance Coverage in the United States: 2005," August 2006. Table A-3. 

 

Table 2:

Median and Mean Income of Families, 1947 to 2005

( 2005 Dollars)

 

 

 Mean above Median

 

Median Income

Mean Income

Amount

Percent

1947

$22,500

$26,323

$3,823

17.0%

1948

21,886

25,210

3,324

15.2%

1949

21,598

24,810

3,212

14.9%

1950

22,794

26,200

3,406

14.9%

1951

23,592

26,677

3,085

13.1%

1952

24,254

27,789

3,535

14.6%

1953

26,276

29,150

2,874

10.9%

1954

25,588

28,763

3,175

12.4%

1955

27,247

30,602

3,355

12.3%

1956

29,039

32,447

3,408

11.7%

1957

29,233

32,040

2,808

9.6%

1958

29,101

31,836

2,735

9.4%

1959

30,802

33,981

3,179

10.3%

1960

31,392

34,782

3,391

10.8%

1961

31,723

35,794

4,071

12.8%

1962

32,628

36,539

3,911

12.0%

1963

33,778

37,826

4,049

12.0%

1964

35,041

39,132

4,091

11.7%

1965

36,494

40,412

3,918

10.7%

1966

38,446

42,851

4,405

11.5%

1967

39,294

43,593

4,299

10.9%

1968

41,110

46,053

4,943

12.0%

1969

43,049

48,270

5,221

12.1%

1970

42,961

48,355

5,395

12.6%

1971

42,877

48,288

5,411

12.6%

1972

44,956

51,059

6,103

13.6%

1973

45,868

51,847

5,979

13.0%

1974

44,680

50,945

6,265

14.0%

1975

43,875

49,718

5,843

13.3%

1976

45,242

51,026

5,783

12.8%

1977

45,516

51,928

6,411

14.1%

1978

48,086

54,767

6,681

13.9%

1979

48,807

55,607

6,800

13.9%

1980

47,176

53,798

6,622

14.0%

1981

45,926

53,003

7,077

15.4%

1982

45,384

53,050

7,666

16.9%

1983

45,707

53,252

7,546

16.5%

1984

47,266

55,526

8,259

17.5%

1985

47,995

57,009

9,014

18.8%

1986

50,062

59,351

9,289

18.6%

1987

50,898

60,617

9,719

19.1%

1988

51,046

61,221

10,176

19.9%

1989

52,018

63,107

11,088

21.3%

1990

51,205

61,777

10,572

20.6%

1991

50,236

60,438

10,201

20.3%

1992

49,872

60,300

10,429

20.9%

1993

49,172

62,825

13,653

27.8%

1994

50,533

64,290

13,757

27.2%

1995

51,662

65,327

13,665

26.5%

1996

52,404

66,497

14,093

26.9%

1997

54,059

69,020

14,961

27.7%

1998

55,903

71,276

15,373

27.5%

1999

57,204

73,296

16,091

28.1%

2000

57,511

74,563

17,052

29.6%

2001

56,695

73,741

17,046

30.1%

2002

56,104

72,702

16,598

29.6%

2003

55,908

72,765

16,856

30.1%

2004

55,872

72,760

16,888

30.2%

2005

56,194

73,304

17,110

30.4%

Sources: Census Bureau website, Historical Income Tables - Families. Table F-5.(1947-2004)

 

Current Population Survey, 2006 Annual Supplement, Table FINC-01. (2005)

 

Note: 2005 CPI-U (3.335%) used to inflate Table F-5`s 2004 dollar amounts to 2005 dollars.

 

Edwin S. Rubenstein (email him) is President of ESR Research Economic Consultants in Indianapolis.