American Incomes: Demographics of Who Has Money by New Stragetist Editors

By New Stragetist Editors

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As blacks make gains in educational attainment, their household incomes will continue to climb. 3 Note: 2002 data are for the race-alone-or-in-combination population, which includes those identifying themselves as being of the race alone and those identifying themselves as being of the race in combination with one or more other races. The 2002 figures are not strictly comparable with those for earlier years, which did not allow respondents to identify themselves as being of more than one race.

The 2002 figures are not strictly comparable with those for earlier years, which did not allow respondents to identify themselves as being of more than one race. 5 Note: 2002 data are for the black alone or in combination population, which includes those identifying themselves as being of the race alone and those identifying themselves as being of the race in combination with one or more other races. The 2002 figures are not strictly comparable with those for earlier years, which did not allow respondents to identify themselves as being of more than one race.

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). Behind these increases is the rising labor force participation of women.

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