By New Stragetist Editors
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Extra resources for American Incomes: Demographics of Who Has Money
Households with four persons also saw a 4 percent income decline as families with children struggled with job losses. ■ With wages stagnating, larger households may fare better in the years ahead because they often include more earners. html; calculations by New Strategist AMERICAN INCOMES: Demographics of Who Has Money 25 Having More Earners Results in Higher Incomes Households with no earners or only one earner are falling behind. 3 percent between 2000 and 2002 because of the recession of 2001, income declines were limited to households with no earners or only one earner.
4 percent increase in median income during those years, after adjusting for inflation. 6 percent decline in the Midwest. Consequently, median household income was higher in the Northeast than in any other region in 2002, standing at $45,862. Between 1980 and 2002, median household income grew 22 percent in the Northeast, after adjusting for inflation. This income growth was faster than that experienced by households in the other regions. The South ranked second in income growth during those years, but median household income there remains well below that of the other regions, at $39,522 in 2002.
Behind the loss was the recession of 2001. Some households fared better than others, however. The median income of married couples fell just 1 percent during those years versus a greater than 5 percent decline for male-headed families and men living alone. Despite income losses between 2000 and 2002, the median income of every household type was greater in 2002 than in 1980. The biggest gainers have been female-headed families (up 30 percent), women living alone (up 29 percent), and married couples (up 28 percent).
American Incomes: Demographics of Who Has Money by New Stragetist Editors