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Extra info for American Incomes: Demographics of Who Has Money, 5th Edition
Since 1991, the incomes of college graduates have grown faster than those of people with less education, after adjusting for inflation. Among householders with a bachelor’s degree, median income rose 10 percent between 1991 and 2002, compared with a 3 percent decline in the median income of householders who went no further than high school. In 1991, householders with a high school diploma had a median income 58 percent as high as that of college graduates. By 2002, their median income was only 52 percent as high as the median of those with a bachelor’s degree.
4 percent decline for couples in which the husband works full-time and the wife does not work. 6 percent drop. Since 1990, the median income of married couples in which both husband and wife work full-time has grown twice as fast (up 14 percent, after adjusting for inflation) than that of couples in which only the husband works full-time and the wife does not work (up 7 percent). Consequently, the gap in incomes between these household types has grown. In 1990, the median income of the single-earner couples was 73 percent as high as that of the dual-earner couples.
Their incomes fell nearly 7 percent between 2000 and 2002, after adjusting for inflation. 6 percent decline. Householders with a professional degree, who have the highest median (more than $100,000 in 2002), saw their incomes fall 4 percent between 2000 and 2002 as managed care curbed the earnings of physicians. ■ Because an investment in education usually provides substantial monetary rewards, a growing proportion of adults will pursue a college degree. html; calculations by New Strategist AMERICAN INCOMES: Demographics of Who Has Money 23 Single-Person Households Have Advanced in Income Since 1980 But the median income of single-person households was lower in 2002 than in 2000.