By New Strategist Press
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Extra resources for American Incomes: Demographics of Who Has Money
9 percent after adjusting for inﬂation. One factor behind the poor showing of the youngest householders was falling labor force participation as more went to college. ■ The incomes of householders aged 55 to 64 should continue to rise in the years ahead as aging baby boomers stay on the job well into their sixties. html; calculations by New Strategist AMERICAN INCOMES 17 Every Household Type Has Seen Its Income Decline Female-headed families experienced the biggest loss between 2000 and 2005. The median income of American households fell 3 percent between 2000 and 2005, from $47,599 to $46,326 after adjusting for inﬂation.
Asian households have the highest incomes by far, with a median of $61,048 in 2005—well above the $50,784 median of nonHispanic whites. Demographics are behind the income differences by race and Hispanic origin. Black households are less likely to be headed by married couples, the most afﬂuent household type. Asian householders are the best educated, which boosts their incomes. Although household incomes fell between 2000 and 2005, they are still above their 1990 and 1980 levels regardless of race or Hispanic origin.
By race and Hispanic origin, Asian households have the highest incomes—a median of $61,048 in 2005. Asian married couples have a median income of $75,892, signiﬁcantly higher than the $70,417 median of non-Hispanic white married couples. The median income of black households is only 61 percent as high as that of non-Hispanic whites, $30,954 versus $50,784 in 2005. Differences in household composition explain most of the gap. Married couples head the 54 percent majority of non-Hispanic white households.
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