I have updated my most popular graph Average Income in the United States. It now includes data through 2006 (in 2006$). I also added recessions from National Bureau of Economic Research
{Click on the image to take a closer look}
Data from Emmanuel Saez’s web site
Technorati Tags: Average Income, United States, Recessions
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HI thanks,i was looking for this data!
Are you a student?
hey one more question
Is it per annum or monthly?
I guess it to be per annum
Is this adjusted for real inflation? NOT those silly numbers the government releases these days, but the old true inflation measurement?
Relly nice graph BTW, just would love to see it adjusted for real dollars and purchasing power.
This doesn’t look like it’s adjusted for inflation. Is there a source for that graph?
Interesting graph. FWIW, his name was Warren Harding, not Warden.
As other mentioned inflation renders these somewhat useless. Rather than being relative to USD I’d like to see the data relative to fixed commodities (gold/oil/rice/?) — since last I checked you can’t print them too easily.
Would be nice to see the same graph of median income adjusted for real dollars and purchasing power. Average income means nothing. Me and Warren Buffet had an average taxable income of 23 Million in 2006.
You sure about the average income in 1913. My great grandfather made about
100-125 a week in that era and was considered above average income. And
he was in northern New Jersey.
The Inflation Calculator
“What cost $125 in 1913 would cost $2653.76 in 2007.
Also, if you were to buy exactly the same products in 2007 and 1913,
they would cost you $125 and $6.05 respectively.”
http://www.westegg.com/inflation/infl.cgi
Agree with you Ms Siegel. However, this is a stated chart of average
national income. While my ggf enjoyed an above average annual salary
around $5000, by the inflation calculator he had the purchasing power
of $125,000 a year. Now the above chart places average national income
around 13-15,000 a year figuring in areas such as the south and midwest
which were still very agrarian. Figure seems very high for a national
compared to a regional outlook.
Dear John, Someone who made $100 to $125 a week in 1913 was quite wealthy. In the day of the $500 car, that would have been enough to buy a new Ford every month. Buying a new Ford every month today would cost about $200,000 a year. Are you sure it wasn’t $100 to $125 a month? That would have been more typical.
Also, I am pretty sure the graph is in constant dollars. When I got out of college in 1967, starting pay for a college graduate was around $5000 a year. The graph shows around $40,000 a year in 1967.