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Tag Archives: household income
Institutional Policies and Practices not Personal Ambition Linked to White/Black Wealth Gap
A new study, “The Roots of the Widening Racial Wealth Gap: Explaining the Black-White Economic Divide,” by the Institute on Assets and Social Policy (IASP) at Brandeis University demonstrates the ever increasing household wealth gap along racial demographics cannot soley … Continue reading
Posted in Economy, Government, Higher Education, Income Distribution, Inequality, Secondary Education, Socio-economic Status, Wealth
Tagged ambition, blacks, education, homeownership, household income, inequality, inheritance, institutional policies, race, socio-economc status, wealth gap, whites
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Why is the Middle Class Angry?
There’s little doubt that there’s a great amount of frustration and anger in our society. If I had to pick one graph that explains the anger and frustration, especially among the middle class, it would be the following graph depicting … Continue reading
How Much to be a Rich American
The Wall Street Journal: Baby You’re a Rich Man provides a summary of what it takes to be rich in America, as measured by money metrics. Household Annual Income Top 1%: $524,411 Top 5%: $208,810 Top 10%; $148,688 Top 20%: … Continue reading
Household Income: Three Charts Tell the Story
Doug Short, utilizing data from Sentier Research, demonstrates just how devastating the past 12 years have been on real median household income. What about a longer historical trend line? The following graph, using Census Bureau data, depicts a 44 year inflation-adjusted … Continue reading
Study: Increasing Income Inequality Across America
The Center on Budget Policies Priorities has published a new study demonstrating increasing levels of household income across American states. Two graphs follow. The first graph depicts average household income for the richest 20% of families to the poorest 20% … Continue reading
Posted in Economy, Income Distribution, Inequality, Socio-economic Status
Tagged household income, income distribution, inequality, states
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Where’s the Money? Look to the Counties
Where’s the money? Money is concentrated in islands, otherwise referred to as counties in the U.S. The following graphs depict median household income by county greater than $50,000 to over $110,000. Source: U.S Census Bureau
Posted in Economy, Income Distribution, Socio-economic Status
Tagged county, geography, household income, income distribution, money
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Romney’s Definition of Middle Class Income is Far Off the Mark
In an interview with George Stephanopoulos Governor Romney defined middle class income as $200,000 to $250,000 a year and less. With an IPUMS dataset handy I ran a simple percentile command for a sample of 3,061,692 households to determine Governor Romney’s accuracy. Not … Continue reading
Study: High-End Income Earner Tax Cuts Fail to Produce Economic Growth
Trickle-down, supply-side economics, predicts low marginal tax rates for the wealthy will stimulate investment, thereby improve economic growth, job creation and improvement of economic conditions of all groups in American society. Owen Zadar examined this theory, specifically investigating how tax … Continue reading
Posted in Economy, Government, Income Distribution, Socio-economic Status, Taxes
Tagged consumption, economic growth, economy, GDP, household income, income distribution, investment, job creation, jobs, marginal tax rates, socio-economic status, supply side, taxes, trickle-down economics
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Debunking the ‘Middle Class is Not Hurting’ Deniers
It’s incredible, given the evidence below, that the American Enterprise Institute, a conservative think-tank, argues there has been “considerable improvement in material well-being for both the middle class and the poor … over the past three decades.” Fortunately, this is easily … Continue reading
For the Middle Class a Decade of Decline Erases Two Decades of Gains
The Pew Research Center’s latest report documents a decade of decline for the middle class: The decline in median net worth from $152,950 to 93,150 is one of the most striking findings, erasing two decades of gains. According to the … Continue reading