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Racial and gender inequality is also manifested in income inequality.
Income growth united states. The census bureau has changed the methodology for computing median income over time. 2019 cpi u rs adjusted dollars not seasonally adjusted frequency. Income of households by race and hispanic origin using 3 year and 2 year moving average medians table h 17. This is substantially greater than the average rate of growth from 1970 to 2000 and more in line with the economic expansion in the 1980s and the dot com bubble era of the late 1990s.
On average the united states real per capita personal income grew at an annual rate of 2 23 over 1959 2019. Household data are collected as of march. Personal income increased in every state and the district of columbia ranging from 15 3 percent in the district of columbia to 76 3 percent in massachusetts. From 2015 to 2018 the median u s.
Personal income in the united states averaged 0 53 percent from 1959 until 2020 reaching an all time high of 12 20 percent in april of 2020 and a record low of 4 70 percent in january of 2013. Household income increased from 70 200 to 74 600 at an annual average rate of 2 1. Estimation of median incomes. State personal income increased 34 2 percent at an annual rate in the second quarter of 2020 an acceleration from the 4 1 percent increases in the first quarter.
For two decades after world war ii incomes grew at a rate close to the u s. In 2019 the united states real per capita personal income grew by 1 93. But since then the benefits of growth have not been evenly distributed. Wage growth in the united states averaged 6 11 percent from 1960 until 2020 reaching an all time high of 13 78 percent in january of 1979 and a record low of 7 percent in april of 2020.
Households by total money income race and hispanic origin of householder. Anemic growth from 1969 to 1974 kept inequality in check.
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