I was poking around the Census site and discovered another historical income series: median income by number of earners in the family. What caught my attention was that around the late 60s/early 70s the income for a single earner family flattens while the other income series (from no earner to 4 earner families) continue to grow.
I copied the data used in this graph into a Google spreadsheet Family Income by Earners. It can be viewed by anyone with a Google Account.
{Click on the graph to take a closer look}
[tags]One income families, Two income families, Family Income[/tags]
Popularity: 4% [?]
In my earlier post, I graphed the share of GDP going to the bottom 90% and top 10%. In this graph I am comparing the bottom 99th, 95th and 90th Income/GDP ratios (including capital gains). The same pattern appears: the decline in GDP share occurring in the 70s for each percentile.
Based on some comments on other graphs I posted I have added a few new items. First I am displaying recessions (via the gray bands) along with timeline of wars and presidential terms in order to provide some historical context. Second, I copied the data used in this graph into a Google spreadsheet which can be viewed by anyone with a Google Account.
{Click on the graph to take a closer look}
[tags]GDP, Income[/tags]
Popularity: 3% [?]
I created these graphs show the change in the share of GDP going to the top 10% as compared to the bottom 90% since 1929. I have two versions: one with capital gains and one without.
{Click on each graph to take a closer look}
You can see the sudden drop in the share going to the top 10% (the effect of WWII). Later the slow decline in the share going to the bottom 90% during the 70s, 80s, and 90s.
In 2004 you had to make around $95,000 to make the top 10%.
Data from the IRS found on Emmanuel Saez’s web site
[tags]income, GDP[/tags]
Popularity: 3% [?]
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